Question

A Firms SMC schedule is shown in the following table. TFC is Rs. 100, find TVC, TC, AVC and SAC schedule of the firm.

Q	0	1	2	3	4	5	6
SMC	-	500	300	200	300	500	800

Answer 1

	0	1	2	3	4	5	6
TC	-	500	800	1000	1300	1800	2600
TVC		400	700	900	1200	1700	2500
AVC		400	350	300	300	340	416.67
SAC		500	400	333.33	325	360	433.33