Complete the following table:

Dear student
mc1= tc1 - tc0
20 = 60 - x
x = 40
here 1 and 0 represents output. from here we conclude that fixed cost is rs 40.
output(units) AVC(RS) TVC(RS) TFC(RS) TC(RS) MC(RS)
0
1
0
20;(20/1)
0
20;(60-40)
40
40
40
60
-
20
2 18 36; (18x2) 40 76(40+36) 16;(76-60)
3 18;(54/3) 54; (94-40) 40 94; (76+18) 18
4 20 80;(120-40) 40 120 26
5 22 110;(22 x 5) 40 150 30
working notes : 1) AVC = TVC/OUTPUT
2) TVC = AVC x OUTPUT
3) TC = TFC + TVC
4) MC= TCn - tc n-1
Regards

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