Assuming that the total fixed cost is Rs 24 .complete the following table

Output(Rs) 1 2 3

ATC(Rs) 50 40 45

AVC(Rs)

MC(Rs)

Output(rs) 1    2    3
TFC         24  24  24
ATC         50  40  45
TC           50  80  135 (Calculate TC by multiplying ATC and output)
TVC        26  56   111 (Calculate TVC by subtracting TFC from TC)
AVC        26  48   37  (Calculate AVC by  dividing TVC by output)
MC         50   80  135 (Calculate MC by the formula TCn-TCn-1)
 
  • 2
Sorry,there are two mistakes in the above given answer:-
AVC at 2nd unit of output will be 28
MC at 3rd unit of output will be 55
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If the total fixed cost of a firm is 24 123 are out put and 50,40,45 is AVC find TVC and mc TC
  • -1
How to find TvC,Mc, Tc when out put is 1,2,3,and fixed cost is 24 Avc is 50,40,45
  • 1
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