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The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.

L TC
0 10
1 30
2 45
3 55
4 70
5 90
6 120
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1 Answers

L            TC        TFC = TC - TVC  TVC = TC - TFC  AFC = TFC/Q AVC = TVC/Q SAC = AFC + AVC  SMC = TCn - TCn - 1   
0 10 10 0 - - - -
1 30 10 20 10 20 30 20
2 45 10 35  5 17.5 22.5 15
3 55 10 45 3.33 15 18.33 10
4 70 10 60 2.5 15 17.5 15
5 90 10 80 2 16 18 20
6 120                  10 110 1.66 18.33 19.99 30

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