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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost4 Marks
Question
Complete the following table:
Output (Units)
Average Variable Cost (₹)
Total Cost (₹)
Marginal Cost (₹)
1
-
60
20
2
18
-
-
3
-
-
18
4
20
120
-
5
22
-
-
✓

Answer

OutPut AVc TC MC TVC TFC AFC AC
1 $20\big[\frac{\text{TVC}}{\text{Q}}\big]$ 60 20 20 [Mc of 1 unit] 40 [TC - TVC] 40 $60\big[\frac{\text{TC}}{\text{Q}}\big]$
2 18 76 [AC × Q]$$ $16\big[\frac{\Delta\text{TVc}}{\Delta\text{Q}}\big]$ 36 [AVC × Q] 40 20 38 [AVC + AFC]
3 $18\big[\frac{\text{TVC}}{\text{Q}}\big]$ 93.9 [AC × Q] 18 54 [36 + 18] 40 13.3 31.3
4 20 120 $26\big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\big]$ 80 [TC - TFC] 40 10 30 [AVC + AFC]
5 22 150 [AC × Q] $30\big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\big]$ 110 [TC - TFC] 40 8 30 [AVC + AFC]

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