The following table gives the total cost schedule of a firm. It is also given that the average fixed cost at 4 units of output is Rs 5.
The following table gives the total cost schedule of a firm. It is also given that the average fixed cost at 4 units of output is Rs 5. Find the TVC, TFC, AVC, AFC, SAC and SMC schedules of the firm for the corresponding values of output.
| L | TC |
| 1 | 50 |
| 2 | 65 |
| 3 | 75 |
| 4 | 95 |
| 5 | 130 |
| 6 | 185 |
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| L | TC | TFC = 20 | TVC=TC - TFC | AFC = TFC/Q | AVC = TVC/Q | SAC = AFC + AVC | SMC = TCn - TCn -1 |
| 1 | 50 | 20 | 30 | 20 | 30 | 50 | 30 |
| 2 | 65 | 20 | 45 | 10 | 22.5 | 32.5 | 15 |
| 3 | 75 | 20 | 55 | 6.66 | 27.5 | 34.16 | 10 |
| 4 | 95 | 20 | 75 | 5 | 18.75 | 23.75 | 20 |
| 5 | 130 | 20 | 110 | 4 | 22 | 26 | 35 |
| 6 | 185 | 20 | 165 | 3.33 | 27.5 | 30.83 | 55 |
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