Assuming TFC is Rs 24. Complete the table:
Output (units)123ATC (Rs)504045AVC (Rs)MC (Rs)
Output (units)123TC (Rs)5080135TVC (Rs)2656111ATC (Rs)504045AVC (Rs)262837MC (Rs)−3055
Calculate total cost, average cost, average fixed cost, average variable cost and marginal cost on the basis of the following information :
Output (units)01234TFC (Rs)6060606060TVC (Rs)05090180300