A cost function is given below: Calculate: (i) Total Fixed Cost (ii) Total Variable Cost

Question

A cost function is given below:

Output (units)	0	1	2	3	4
Total Cost (Rs)	100	160	212	280	356

 Calculate: 

(i) Total Fixed Cost 

(ii) Total Variable Cost 

(iii) Marginal Cost

Answer 1

Output (Units)	TC Rs	TFC	TVc	MC
0	100	100	-	-
1	160	100	60	60
2	212	100	112	52
3	280	100	256	62
4	356	100	256	76