Total fixed costs of a firm are Rs. 100. Its average variable cost at different levels of output is given. Calculate total cost and marginal cost at each level of output.

$\begin{matrix} Output (units) & 1 & 2 & 3 & 4 Average Variable Cost (Rs) & 60 & 56 & 60 & 64 \end{matrix}$

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Solution

$\begin{matrix} Output & 1 & 2 & 3 & 4 TVC & 60 & 112 & 180 & 256 TFC & 100 & 100 & 100 & 100 TC & 160 & 212 & 280 & 356 MC & - & 52 & 68 & 76 \end{matrix}$

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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.

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

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$\begin{matrix} O u t p u t (U n i t s) & 1 & 2 & 3 & 4 M a r g i n a l C o s t (R s .) & 6 & 5 & 4 & 6 \end{matrix}$

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Total fixed costs of a firm are Rs. 100. Its average variable cost at different levels of output is given. Calculate total cost and marginal cost at each level of output. Output (units)1234Average Variable Cost (Rs)60566064

Output1234TVC60112180256TFC100100100100TC160212280356MC−526876

Total fixed costs of a firm are Rs. 100. Its average variable cost at different levels of output is given. Calculate total cost and marginal cost at each level of output.

$\begin{matrix} Output (units) & 1 & 2 & 3 & 4 Average Variable Cost (Rs) & 60 & 56 & 60 & 64 \end{matrix}$

$\begin{matrix} Output & 1 & 2 & 3 & 4 TVC & 60 & 112 & 180 & 256 TFC & 100 & 100 & 100 & 100 TC & 160 & 212 & 280 & 356 MC & - & 52 & 68 & 76 \end{matrix}$