A firm produces 60 units of a good of Rs. 280 and 100 units for Rs. 360. Supposing that the cost curve is a straight line, estimate the cost of producing 120 units.
1
Rs. 460
2
Rs. 280
3
Rs. 375
4
Rs. 400
A firm produces 60 units of a good of Rs. 280 and 100 units for Rs. 360. Supposing that the cost curve is a straight line, estimate the cost of producing 120 units.