Question

Total Fixed Cost is given as ₹ 60. Calculate AVC and MC from the following

information given about TC:

Out put 1 2 3

TC (₹ ) 80 90 105​

Answer 1

Given  : Total Fixed Cost is given as ₹ 60.

Out put 1 2 3

TC (₹ ) 80 90 105​

To Find:   AVC and MC from the following

Solution:

Out put     1       2         3

TC (₹ )      80    90      105​

Fixed       60     60      60

VC           20      30     45

MC          80       10      15

Calculate AVC  = ( 20  +  30  +  45)/(1 + 2 + 3)

= 95/6

= 15.83 ₹

Marginal cost for 1st unit =  80 - 0 = 80

Marginal cost for 2nd unit = 90 - 80 = 10

Marginal cost for 3rd unit = 105 - 90 = 15

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Answer 2

ECONOMICS

Given :-

TFC = ₹ 60

Output - 1

TC (₹) - 80

Output - 2

TC (₹) -90

Output - 3

TC (₹) - 105

To Find :-

Values of AVC and MC

Solution :-

CALCULATING AVERAGE VARIABLE COST :-

$Total \: Cost = Total \: Fixed \: Cost \: + \: Total \: Variable \: Cost$

$TC = TFC + TVC\\ TVC = TC - TFC$

$TVC_{1} = 80 - 60 = Rs. 20$

$TVC _{2} = 90 - 60 = Rs. 30$

$TVC_{3} = 105 - 60 = Rs. 45$

$Average \: Variable \: Cost = \\ Total \: Variable \: Cost/Output$

$AVC_{1} = TVC_{1}/O_{1} = 20/1 = Rs. 20$

$AVC_{2} = TVC_{2}/O_{2} = 30/2 = Rs. 15$

$AVC_{3} = TVC_{3}/O_{3} = 45/3 = Rs. 15$

CALCULATING MARGINAL COST :-

$Marginal \: Cost_{n} = TC_{n} - TC_{n-1}$

$MC_{1} = TC_{1} - TC_{0} = 80 - 0 = Rs. 80$ $MC_{2}= TC_{2}-TC_{1}= 90-80 = Rs. 10$ $MC_{3} = TC_{3} - TC_{2} = 105 - 90 = Rs. 15$

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