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Mean of Discrete Series

Calculate tot...

Question

Calculate total cost, average cost, average fixed cost, average variable cost and marginal cost on the basis of the following information :

$\begin{matrix} Output (units) & 0 & 1 & 2 & 3 & 4 TFC (Rs) & 60 & 60 & 60 & 60 & 60 TVC (Rs) & 0 & 50 & 90 & 180 & 300 \end{matrix}$

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Solution

$\begin{matrix} TC & 60 & 110 & 150 & 240 & 360 AFC & - & 60 & 30 & 20 & 15 AVC & - & 50 & 45 & 60 & 75 ATC & - & 110 & 75 & 80 & 90 MC & - & 50 & 40 & 90 & 120 \end{matrix}$

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Q. Completer the following table:

Output (Units)	Average Fixed Cost (Rs.)	Average Variable Cost (Rs.)	Marginal Cost (Rs.)	Total Cost (Rs.)
$1$ $2$ $3$ $4$ $5$	$120$ $60$ - $30$ -	$40$ $56$ $54$ - -	- - - $54$ -	- $232$ - - -

Q. Complete the following table:

Output (Units)	Marginal Cost (Rs.)	Average Variable Cost (Rs.)	Total Cost (Rs.)	Average Fixed Cost (Rs.)
$1$ $2$ $3$ $4$ $5$	$60$ - - $54$ -	- - $54$ - $57$	$120$ $174$ - - $345$	- - - $15$ -

Q. Complete the following table:

Output (Units)	Average Fixed Cost (Rs.)	Marginal Cost (Rs.)	Average Variable Cost (Rs.)	Average Cost (Rs.)
$1$ $2$ $3$ $4$ $5$	$60$ - $20$ - $12$	$20$ - - $18$ -	- $19$ $18$ - -	- - - - $31$

Q. Complete the following table:

Output (Units)	Total Cost (Rs.)	Average Variable Cost (Rs.)	Marginal Cost (Rs.)
$0$ $1$ $2$ $3$ $4$	$60$ $140$ $190$ $240$ $300$	- - - - -	- - - - -

Q. From the data calculate:
(i) average fixed cost, (ii) average variable cost, (iii) marginal cost.

Output (kg)	$0$	$1$	$2$	$3$	$4$	$5$
Total Cost (Rs.)	$40$	$100$	$120$	$130$	$150$	$190$

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