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Instructions
Year wise graph of price of a unit
Answer the questions based on the following two graphs, assuming that there is no fixed cost component and all the units produced are sold in the same year.
Year wise graph of price of a unit
Year wise graph of revenue and total profit.
Solution
Let's calculate No of Units as Revenue / Unit price.
Per Unit cost as (Revenue - Profit ) / No of Units.
In that way, we calculate the table as follows.
It is clear from the table per unit cost in the year 2001 is the highest.
Hence B is the correct answer.
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