Question2suppose a firm's TFC is Rs. 1oo and mc schedule is as follows – InterviewSolution

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Question2suppose a firm's TFC is Rs. 1oo and mc schedule is as follows:output: 1 2 3 4 5 6 7Mc: 10 20 30 40 50 60 70(a)Is MC curve U shaped ?(b)Derive AVC

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Answer:

Here TOTAL FIXED Cost is $100 for every time. so, AVC= 10,15,20,25,30,35,40.

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