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Question

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.
Q0123456
TC103045557090120

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Solution

Q TCTFC TVC AFC AVCSAC SMC
0 10 100 - - - -
1 30 1020 10 20 30 20
2 45 1035 5 17.5 22.5 15
3 55 1045 3.33 15 18.33 10
4 70 1060 2.5 15 17.5 15
5 90 1080 2 16 18 20
6 120 10110 1.67 18.33 20 30

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