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Question

A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100. Find the TVC, TC, AVC and SAC schedules of the firm.

Q0123456SMC500300200300500800

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Solution

QSMC(Rs.)TFC(Rs.)TVC(Rs.)TC(Rs.)AVC(Rs.)SAC(Rs.)01001001500100500600500600230010080090040045032001001,0001,100333.33366.6743001001,3001,40032535055001001,8001,90036038068001002,6002,700433.33450


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