Question

The total cost structure of a firm is given in the schedule

Output in Quintal	TC	AC	MC
0	150	..	..
1	200	..	..
2	240	..	..
3	270	..	..
4	290	..	..
5	300	..	..
6	360	..	..

(a) Fill up the column appropriately from the data given. 

(b) On the same set of axis plot the AC and MC curves

Answer 1

(a)

Output in Quintal	TC	AC	MC
0	150	..	..
1	200	200	50
2	240	120	40
3	270	90	30
4	290	72.5	20
5	300	60	10
6	360	60	60

(b)