The following table gives the total cost schedule of a firm. It is als – InterviewSolution

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The following table gives the total cost schedule of a firm. It is also given that the average fixed cost at 4 units of output is Rs 5. Find the TVC, TFC, AVC, AFC, SAC and SMC schedules of the firm for the corresponding values of output.LTC15026537549551306185

Answer»

L	TC	TFC = 20	TVC=TC - TFC	AFC = TFC/Q	AVC = TVC/Q	SAC = AFC + AVC	SMC = TC_n - TC_{n -1}
1	50	20	30	20	30	50	30
2	65	20	45	10	22.5	32.5	15
3	75	20	55	6.66	27.5	34.16	10
4	95	20	75	5	18.75	23.75	20
5	130	20	110	4	22	26	35
6	185	20	165	3.33	27.5	30.83	55

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