Question

3. Workout TVC, TC, AVC, AFC, ATC & MC and graphically illustrate 7
cost curves. (Output price Rs.12 per Kg). Labour cost=Rs.60/number; Fixed
cost is 110 (use graph sheet). Find the optimal level of output.
No.of labour
Q
TVC TFC | TC | AFC AVC | ATC |MC|TR|profit | MR
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Answer 1

Answer:

. Workout TVC, TC, AVC, AFC, ATC & MC and graphically illustrate 7

cost curves. (Output price Rs.12 per Kg). Labour cost=Rs.60/number; Fixed

cost is 110 (use graph sheet). Find the optimal level of output.

No.of labour

Q

TVC TFC | TC | AFC AVC | ATC |MC|TR|profit | MR