Calculate Total Variable Cost and Marginal Cost from the following cost schedule of a firm whose Total Fixed Costs are Rs. 12 :

$\begin{matrix} Output (Units) & 1 & 2 & 3 & 4 Total cost (Rs) & 20 & 26 & 31 & 38 \end{matrix}$

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Solution

$\begin{matrix} Output & TC & TFC & TVC & MC= \frac{Δ T V C}{Δ Q} (Units) & (Rs) & (Rs) & (Rs) & (Rs) 1 & 20 & 12 & 8 & - 2 & 26 & 12 & 14 & 6 3 & 31 & 12 & 19 & 5 4 & 38 & 12 & 26 & 7 \end{matrix}$

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$\begin{matrix} Output (units) & 1 & 2 & 3 & 4 Total Variable Cost (Rs) & 20 & 38 & 60 & 86 \end{matrix}$

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Calculate Total Variable Cost and Marginal Cost from the following cost schedule of a firm whose Total Fixed Costs are Rs. 12 : Output (Units)1234Total cost (Rs)20263138

OutputTCTFCTVCMC=ΔTVCΔQ(Units)(Rs)(Rs)(Rs)(Rs)120128−226121463311219543812267

Calculate Total Variable Cost and Marginal Cost from the following cost schedule of a firm whose Total Fixed Costs are Rs. 12 :

$\begin{matrix} Output (Units) & 1 & 2 & 3 & 4 Total cost (Rs) & 20 & 26 & 31 & 38 \end{matrix}$

$\begin{matrix} Output & TC & TFC & TVC & MC= \frac{Δ T V C}{Δ Q} (Units) & (Rs) & (Rs) & (Rs) & (Rs) 1 & 20 & 12 & 8 & - 2 & 26 & 12 & 14 & 6 3 & 31 & 12 & 19 & 5 4 & 38 & 12 & 26 & 7 \end{matrix}$