Given below is the cost schedule of a firm Its TFC is rs 120 Calculate MC and AVC - Economics - Production and Costs

Question

Given below is the cost schedule of a firm Its TFC is rs 120
Calculate MC and AVC at each level of output output = 1 2 3, AC =
160 96 80

Shvetika Sharma · Accepted Answer

Dear student,

Output
Average Cost
Total Fixed Cost
Average Fixed Cost
(AC / Output)
Average Variable Cost
(AC - AFC)
Total Variable Cost
(AVC * Output)
Marginal Cost
(TVCn -
TVCn-1)â€‹

1
160
120
120
40
40
-

2
96
120
60
36
72
32

3
80
120
40
40
120
48

Output	Average Cost	Total Fixed Cost	Average Fixed Cost (AC / Output)	Average Variable Cost (AC - AFC)	Total Variable Cost (AVC * Output)	Marginal Cost (TVC_n - TVC_n-1)
1	160	120	120	40	40	-
2	96	120	60	36	72	32
3	80	120	40	40	120	48

Given below is the cost schedule of a firm. Its TFC is rs 120. Calculate MC and AVC at each level of output . output = 1 2 3, AC = 160 96 80