Fixed costs of a firm are Rs. 30. Its total variable cost at different levels of output is given below. Calculate total cost and marginal cost at each level of output.

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

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Solution

$\begin{matrix} TVC & 20 & 38 & 60 & 86 TFC & 30 & 30 & 30 & 30 TC & 50 & 68 & 90 & 116 AC & 50 & 34 & 30 & 29 MC & - & 18 & 22 & 26 \end{matrix}$

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Fixed costs of a firm are Rs. 30. Its total variable cost at different levels of output is given below. Calculate total cost and marginal cost at each level of output. Output (units)1234Total Variable Cost (Rs)20386086

TVC20386086TFC30303030TC506890116AC50343029MC−182226

Fixed costs of a firm are Rs. 30. Its total variable cost at different levels of output is given below. Calculate total cost and marginal cost at each level of output.

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

$\begin{matrix} TVC & 20 & 38 & 60 & 86 TFC & 30 & 30 & 30 & 30 TC & 50 & 68 & 90 & 116 AC & 50 & 34 & 30 & 29 MC & - & 18 & 22 & 26 \end{matrix}$