1.

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.LTC0101302453554705906120

Answer»
L           TC       TFC = TC - TVC TVC = TC - TFC AFC = TFC/QAVC = TVC/QSAC = AFC + AVC SMC = TCn - TCn - 1   
010100----
130102010203020
2451035 517.522.515
35510453.331518.3310
47010602.51517.515
59010802161820
6120                 101101.6618.3319.9930



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