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Question

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
-
-
-

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Solution

Output (Units)Average Fixed Cost (Rs.)Average Variable Cost (Rs.)Marginal Cost (Rs.)Total Cost (Rs.)Total Fixed Cost (Rs.)Total Variable Cost (Rs.)
1
2
3
4
5
120
60
40
30
24
40
56
54
54
-
40
72
50
54
-
160
232
282
336
-
120
120
120
120
120
40
112
162
216
-
Note: Lack of 'critical' information relating to output of 5 units makes it impossible to estimate the possible values.

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