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Question
Complete the following table:
| Output (Units) |
Average Fixed Cost (Rs ) |
Marginal Cost (Rs ) |
Average Variable Cost (Rs ) |
Average Cost (Rs ) |
| 0 | 30 | |||
| 1 | ... | ... | 30 | |
| 2 | 78 | ... | ... | ... |
| 3 | ... | 23 | ... | 10 |
| 4 | ... | ... | 23 | ... |
| 5 | 150 | ... | ... | 6 |
Solution
| Output (Units) |
TC(`) |
AVC(`) `AVC = "TVC"/Q` |
MC(`) MC = TVCn - TVCn-1 |
AFC(`) `AFC = "TFC"/Q` |
TFC | TVC |
| 0 | 30 | |||||
| 1 | 55 | 25 | 25 | 3 | 30 | 25 |
| 2 | 78 | 24 | 23 | 15 | 30 | 48 |
| 3 | 99 | 23 | 21 | 10 | 30 | 69 |
| 4 | 122 | 23 | 23 | 7.5 | 30 | 92 |
| 5 | 150 | 24 | 28 | 6 | 30 | 120 |
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