A firm’s SMC schedule is shown in the following table. The total fix – InterviewSolution

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A firm’s SMC schedule is shown in the following table. The total fixed cost of the firm is Rs 100. Find the TVC, TC, AVC and SAC schedules of the firm.LSMC0.......0-150023003200430055006800

Answer»

L	SMC	TFC = 100	TVCn = SMCn + TVCn -1	TC = TFC + TVC	AVC = TVC/Q	SAC = AFC + AVC
0	-	100	-	100	-	-
1	500	100	500	600	500	600
2	300	100	800	900	400	450
3	200	100	1000	1100	333.33	366.67
4	300	100	1300	1400	325	350
5	500	100	1800	1900	360	380
6	800	100	2600	2700	433.33	450

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