Please help with a suitable answer for Q-25.

Please help with a suitable answer for Q-25. 6 23. When the price of commodity A falls Rs.IOto Rs,S per unit, its quantity demanded doubles. Calculate its elasticity of demang, At what price will its quantity gemanded fall by 50 per cent? 1024. Explain the conditions ofproducerls equilibrium with the help Ota numerical example. use marginal cost and marginal revenue approach. g 25. Complete the following table: Output (units) Marginal Cost Average Varia ble (6) Average fixed cost 60 Cost 57 Total Cost 345

Dear Student,
Note:
At zero level of output TFC exist and never become zero. therefore TFC = 15 x 4 = 60
And will remain same at all the level of output because TFC remains constant at all level.
MC = TCn - TCn-1
or
MC = TVCn - TVCn-1
TC =  TFC + TVC
AVC = AC - AFC
or
AVC = TVC / Output




Regards,

  • 0
What are you looking for?