Question
Complete the following table:
Output (Q) (units) Total Variable Cost (TVC) (₹) Average Variable Cost (AVC) (₹) Marginal Cost (MC) (₹)
1 10 __ 0
2 __ 8 6
3 27 __ __
4 __ 10 13

Answer

Output (Q) (units) Total Variable Cost (ACV × Q) (₹) Average Variable Cost $\Big(\frac{\text{TVC}}{\text{Q}}\Big)$ (₹) MC (₹) $(TVC_n - TVC_{n - 1})$
1 10 10 0
2 16 8 6
3 27 9 11
4 40 10 13

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