Question

12. The following table gives the total cost schedule of a firm. It is also given that the average
fixed cost at 4 units of output is 5. Find the TVC, TFC, AVC, AFC, SAC and SMC schedules of
the firm for the corresponding values of output.
1
2
Q
3
50
65
75
4
5
6
ТС
95
130
185
​

Answer 1

Answer:

MC (when output is 1 unit)

=TVC

n

−TVC

n−1

=30−0

=30

Q TC

(Rs.) TFC (4 X Rs.5)

(Rs.) TVC

(Rs.) AFC

(Rs.) AVC

(Rs.) SAC

(Rs.) SMC

(Rs.)

1 50 20 30 20 30 50 30

2 65 20 45 10 22.5 32.5 15

3 75 20 55 6.67 18.33 25 10

4 95 20 75 5 18.75 23.75 20

5 130 20 110 4 22 26 35

6 185 20 165 3.33 27.5 30.83 55

Explanation:

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