Given the AFC at 3rd level of output is Rs. 30, Complete the following table
Output AVC TC MC
1 20
2 15
3 20
Answers
Answered by
1
Answer:
Output
(Units) ATC
(Rs.) AVC
(Rs.) MC
(Rs.)
1 54 30 30
2 36 24 18
3 32 24 24
4 33 27 36
ATC−AVC=AFC=54−30=24 (when output=1) =TFC.
Answered by
17
Output (Units) - 1,2,3,4
ATC (Rs.) -54,36,32 ,33
AVC (Rs.) - 30, 24, 24,27
MC (Rs.) - 30, 18 ,24 ,36
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ssoul6638:
formula??
please tell
AVC equals total variable cost divided by output.
Total Fixed Cost ( TFC) = TC – TVC.
Marginal Revenue (MR) = Change in Total Revenue / Change in Q
Average Product (AP) = TP / Variable Factor
Total Revenue (TR) = Price X Quantity
Average Revenue (AR) = TR / Output
Total Product (TP) = AP X Variable Factor
Economic Profit = TR – TC > 0
A Loss = TR – TC < 0
Break Even Point = AR = ATC
Average Product (AP) = TP / Variable Factor
Total Revenue (TR) = Price X Quantity
Average Revenue (AR) = TR / Output
Total Product (TP) = AP X Variable Factor
Economic Profit = TR – TC > 0
A Loss = TR – TC < 0
Break Even Point = AR = ATC
Thank u so much
Formula is also correct
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