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CA CPT Model Test Paper 5 with solutions for online practice

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

Number‌of‌Workers	‌	Total‌Output
1	‌	10
2	‌	22
3	‌	31
4	‌	40
5	‌	47
6	‌	52
7	‌	56
8	‌	58
9	‌	60
10	‌	61

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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

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