Question

The following table gives the total cost schedule of a firm. It is also given that the average fixed cost at 4units of output is 5. Find the TVC, TFC, AVC, AFC, SAC and SMC schedules of the firm for the corresponding values of output.

Answer 1

Output	TC(Rs.)	TFC(Rs.)	TVC(Rs.)	SAC(Rs.)	AFC(Rs.)	AVC(Rs.)	SMC(Rs.)
1	50	20	30	50	20	30	30
2	65	20	45	32.50	10	22.5	15
3	75	20	55	25	6.67	18.33	10
4	95	20	75	23.75	5	18.75	20
5	130	20	110	26	4	22	35
6	185	20	165	30.83	3.33	27.50	55