Question

6. A firm's AFC, when it produces 2 units is 30. Its ATC schedule is given below. Calculate its
and AVC at each level of output.
Output (Units)
1 I 2 I 3
ATC ()
80 4 8 40
[Ans: AVC = $20, 18, 20; MC = 216, 24]​

Answer 1

Answer:

Output AFC ATC AVC MC TVC

1 60 80 20 20 20

2 60 48 12 4 24

3 60 40 20 44 60