Study the following table / figures and answer the question:TFC (Total – InterviewSolution

1.

Study the following table / figures 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.Output0123MC1101525Calculate MC at each level of output of the following data.Output TC in Rs0801180226033404380

Answer»

Output	TC in Rs	MC in Rs
0	80	-
1	180	100 (180 - 80)
2	260	80 (260 - 180)
3	340	80 (260 - 180)
4	380	40 (380 - 340)

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