Question: Soma & Co. obtains a fixed input in every production cycle in the form of lease rentals of long-term lease on its warehouse building. Use

Soma & Co. obtains a fixed input in every production cycle in the form of lease

rentals of long-term lease on its warehouse building. Use the following data on

variable costs incurred by the firm for four production cycles in order to compute

the average cost, average variable cost, and marginal cost for the output rate given.

Q Total variable cost

1 Rs. 1000

2 Rs. 1500

3 Rs. 2000

4 Rs. 2500

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