Question
Calculate MC, given the following information. Also, find AFC.
Output (Units)Total Variable Cost (₹)Total Fixed Cost (₹)
0-500
1400-
51,600-

Answer

Output (Units)Total Variable Cost (₹)Total Fixed Cost (₹)Marginal Cost (₹)Average Fixed Cost (₹)
0-500-$\infty$
1400500400500
51,600500$\frac{1,600-400}{5-1}=\frac{1,200}{4}=300$100

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