Question

Calculate AVC and MC at each given level of output from the following table: [3]

OUTPUT 0 1 2 3 4

TOTAL COST 40 60 78 97 124​

Answer 1

Answer:

From the following table calculate AVC of each given level of output: Output (Units), 1, 2, 3, 4, 5, 6. Marginal Cost (Rs.) 20, 16, 18, 19, 21, 24 ; Output ( ...

Explanation:

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