Complete the following table: Output (units) Average Variable Cos… - Vidyadip

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 (₹)$(AVC \times Q)$ or $(TC - TFC)$	TC (₹) $(TFC + TVC)$	TFC (₹) $(TC - TVC)$	MC (₹) $(TVC_n - TVC_{n - 1})$
$1$	$20$	$20$	$60$	$40$	$20$
$2$	$18$	$36$	$76$	$40$	$16$
$3$	$18$	$54$	$94$	$40$	$18$
$4$	$20$	$80$	$120$	$40$	$26$
$5$	$22$	$110$	$150$	$40$	$30$

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