Given that total fixed cost is Rs. 30, calculate
(i) MC
(ii) TC
from the following table:
Q0123TVC (Rs)02050100
MC−203050TC305080130
Suppose that a firm's total fixed cost is Rs. 100, and the marginal cost schedule of a firm is the following :
Output (in units)1234567Marginal cost (in Rs)10203040506070
(i) Is the MC curve U-shaped ?
(ii) Derive the AVC schedule. Will the AVC curve U-shaped ? Discuss.
Find the mean deviation about the median for the following data:
xi35791113fi6815384
Observe the tables given below and in each case find whether x and y are inversely proportional :
(i) x6101416y9152124
(ii) x5915345y18106302
(iii) x93636y41291
Study the table given below. MixtureWantedunwantedcomponentcomponent1. Wheat flourFlourX2. YGrain seedsStalks Based on the above information, identify X and Y.