CA CPT Model Test Paper 5 with solutions for online practice

Consider Sumit's production data given in the table. Use Table to answer questions 06 - 07

\table \Number \of \Workers,,\Total \Output;1,,10;2,,22;3,,31;4,,40;5,,47;6,,52;7,,56;8,,58;9,,60;10,,61

Question : 107 of 200

Marks: +1, -0

Suppose Sumit decides to purchase fire insurance which costs Rs. 87,600 a year.(As it happens, it works out to be Rs 10 per hour) The approximate marginal cost of the 52nd unit now is:

Rs.0.25
Rs 1.25
Rs. 2.50
Rs. 4.00

Validate

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