Question

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.)	$40$	$100$	$120$	$130$	$150$	$190$

Answer 1

Output (kg)	Total Cost (Rs.)	Total Fixed Cost (Rs.)	Average Fixed Cost (Rs.)	Total Variable Cost (Rs.)	Average Variable Cost (Rs.)	Marginal Cost (Rs.)
$0$ $1$ $2$ $3$ $4$ $5$	$40$ $100$ $120$ $130$ $150$ $190$	$40$ $40$ $40$ $40$ $40$ $40$	- $40$ $20$ $13.3$ $10$ $8$	- $60$ $80$ $90$ $110$ $150$	- $60$ $40$ $30$ $27.5$ $30$	- $60$ $20$ $10$ $20$ $40$