| Output (units) | Marginal Cost (MC) (₹) | Average Variable Cost (AVC) (₹) | Average Fixed Cost (AFC) (₹) | Average Cost (AC) (₹) |
| 1 | __ | __ | __ | 140 |
| 2 | __ | 45 | __ | __ |
| 3 | 45 | __ | 30 | __ |
| 4 | __ | 48 | 22.5 | __ |
| 5 | __ | 52 | 18 | __ |
| Output (units) | MC (₹) (TVCn - TVCn - 1) | AVC (₹) $\Big(\frac{\text{TVC}}{\text{Q}}\Big)$ | AFC (₹) $\Big(\frac{\text{TFC}}{\text{Q}}\Big)$ | AC (₹) (AFC + AVC) | TVC (₹) (AVC × Q) | TVC (₹) AFC × Q |
| 1 | 50 | 50 | 90 | 140 | 50 | 90 |
| 2 | 40 | 45 | 45 | 90 | 90 | 90 |
| 3 | 45 | 45 | 30 | 75 | 135 | 90 |
| 4 | 57 | 48 | 22.5 | 70.5 | 192 | 90 |
| 5 | 68 | 52 | 18 | 70 | 260 | 90 |
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| Q | TC |
| 1 2 3 4 5 6 | 50 65 75 95 130 185 |
OR
What is meant by producer's equilibrium? Explain the conditions of producer's equilibrium using MR and MC approach. Use diagram.| Total Output (Units) | Total Cost (Rs) |
| 0 | 120 |
| 1 | 180 |
| 2 | 200 |
| 3 | 210 |
| 4 | 230 |
| 5 | 270 |
| 6 | 360 |