Tc=600+800Q-400Q²+4Q³ find TFC and TVC
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Explanation:
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Output (Units) TFC(Rs.) MC(Rs.) TVC(Rs.) TC(Rs.) ATC(Rs.)
0 18 - - 18 ∞
1 18 10 10 28 28
2 18 7 17 35 17.5
3 18 12 29 47 15.67
4 18 15 44 62 15.5
When AFC=6, Units of output=3,
TFC= AFC x Unit of Output
TFC= 6 X 3
TFC= 18
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