Total fixed cost is * 60. Calculate Average fixed cost and Average var – InterviewSolution

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1.

Total fixed cost is * 60. Calculate Average fixed cost and Average variablecost at various levels of output in the following schedule :Output (units) 1 2 3 4 5TC(2) 120 160 210 320 450

Answer»

EXPLANATION:

Since we know,

Total cost = Fixed Cost + Variable Cost

where AFC = FC / q

AVC = VC / q

Qty FC VC TC. AFC. AVC

1. 60 60 120. 60 60

2. 60 100 160. 30 50

3. 60 150 210. 20. 50

4. 60 270 320. 15. 67.5

5. 60 390 450. 12. 78

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