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.Output0123MC1101525Find TR of a firm if it sells 500 units of £ commodity ‘X? at 25 ₹ per unit.

Answer»

TR is the revenue derived by a firm by multiplying total units sold by its price.

Hence, TR = P x Q

= 25 x 500

= 12, 500₹

Discussion

No Comment Found

Related InterviewSolutions

Identify and explain the concept from given illustration.Mr. Kriplani produced 2000 bales of cloth during the year 2018-19.
Distinguish between Demand and Supply.
Net addition made to the total revenue by selling an extra unit of a commodity is ................(a) total Revenue (b) marginal Revenue (c) average Revenue (d) marginal Cost
Net addition made to the total revenue by selling an extra unit of a commodity is (a) total revenue (b) marginal revenue (c) average revenue (d) marginal cost
What do you mean by aggregate supply?
State with resons whether you agree or disagree with the following statements.There is difference between stock and supply.OR There is no difference between stock and supply.
Identify and explain the concept from given illustration.Mr. Chaturvedi has 5000 kg rice at his disposal. He offered 2000 kg rice in market at Rs. 25 per kg.
If a firm produces 600 units of a commodity in a day and incurs a total cost of ₹ 30,000. Calculate the Average Cost.
State with resons whether you agree or disagree with the following statements.Supply of perishable goods is equal to its production.OR There is no difference between stock and supply of perishable goods.
Identify and explain the concept from given illustration.A seller has go to village urgently. So, he sells his product at low price even if other seller are selling similar product at higher price. Given economic reason in what way it is related to the law of supply.