Study the following table and answer the question :TFC (Total Fixed C – InterviewSolution

1.	Study the following table and answer the question :TFC (Total Fixed Cost) of a commodity ‘x’ of a firm is ₹ 20 Calculate (a) TVC and (b) TC from the following data.Output0123MC1101525Does this justify the law of supply? Give reason for your answer.
Answer» No, it does not justify the law of supply. As per law of supply, as the price increases, supply of a commodity should increase. But in above case even though the price is increasing supply remains the same. So it is an exception to the law of supply.

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