Question
Complete the following table:
Output (units) Average Fixed Cost ₹ Average Variable Cost ₹ Marginal Cost ₹ Total Cost ₹
1 120 40 .... ....
2 60 56 .... 232
3 .... 54 .... ....
4 30 .... 54 ....
5 .... .... .... ....

Answer

Output (units) Average Fixed Cost ₹ Average Variable Cost ₹ Marginal Cost ₹ Total Cost ₹
1 120 40 40 160
2 60 56 72 232
3 40 54 50 282
4 30 54 54 336
5        

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