Question

Total Product schedule of a firm at different levels of labour Employment is given below calculate the forms. TVC TC AC AFC MC. If wage rate is Rs.100 per day and TFC is Rs.1000.
Plz answer correct​

Answer 1

Answer:

To determine the total variable cost the company will spend to produce 100 units of product, the following formula is used: Total output quantity x variable cost of each output unit = total variable cost. For this example, this formula is as follows: 100 x 37 = 3,700