Calculate TFC, if AC &AVC are Rs.72 and Rs.48 respectively at output
of 20 units.
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Answer:
TFC = ₹480
Explanation:
TC = AC × Q = 72 × 20 = ₹1440
TVC = AVC × Q = 48 × 20 = ₹960
TFC = TC - TVC = 1440 - 960 = ₹480
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