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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost3 Marks
Question
Complete the following table:
Output (units)
Average Variable Cost (AVC) (₹)
Total Cost (TVC) (₹)
Marginal Cost (MC) (₹)
1
__
60
20
2
18
__
__
3
__
__
18
4
20
120
__
5
22
__
__
✓

Answer

Output (Q) (units)
AVC (₹) $\Big(\frac{\text{TVC}}{\text{Q}}\Big)$
TVC (₹) (AVC × Q) or (TC - TFC)
TC (₹) (TFC + TVC)
TFC (₹) (TC - TVC)
MC (₹) (TVCn - TVCn - 1)
1
20
20
60
40
20
2
18
36
76
40
16
3
18
54
94
40
18
4
20
80
120
40
26
5
22
110
150
40
30

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