Question

please answer the above questions it is very urgent and one important thing only give answer not foolish things.​

Answer 1

Explanation:

business costs, such as rent, that are constant whatever the amount of goods produced this is called fixed cost.

A)

Fixed cost

Fixed cost is remain same at any amount of production of goods

Fixed cost is 12

TVC = TC-FC

For quantity 1 TVC = 20-12 = 8

AFC = FC/Q

For quantity 1 AFC = 12 /1= 12

AVC = TVC /Q

For quantity 1 AVC = 8/1 = 8

SAC = TC/Q

for quantity 1 SAC = 20/1= 20

SMC = TCn-TCn-1

FOR 1 Quantity SMC = 20-12= 8

A)

Q TC FC TVC AFC AVC SAC SMC

0 12 12 0 0 0 0 0

1 20 12 8 12 8 20 8

2 35 12 23 6 11.5 17.5 15

3 45 12 33 4 11 15 10

4 60 12 48 3 12 15 15

5 80 12 68 2.4 13.6 16 20

6 100 12 88 2 14.67 16.67 20

FOR ( B)

Q TC FC TVC AVC SAC SMC

0 20 20 0 0 0 0

1 30 20 10 10 30 10

2 48 20 28 14 24 18

3 56 20 36 12 18.67 8

4 75 20 55 13.75 18.75 19

5 90 20 70 14 18 15

6 120 20 100 16.67 20 30

THANK YOU