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Question

Complete the table by finding TFC, TVC, TC, Aand ATC.
Output (Units)01234
MC(Rs.)-1071215

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Solution

Output (Units) TFC(Rs.) MC(Rs.) TVC(Rs.) TC(Rs.) ATC(Rs.)
0 18 - - 18
1 18 10 10 28 28
2 18 7 17 35 17.5
3 18 12 29 47 15.67
4 18 15 44 62 15.5
When AFC=6, Units of output=3,
TFC= AFC x Unit of Output
TFC= 6 X 3
TFC= 18


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