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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost6 Marks
Question
Complete the following table:
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 __
✓

Answer

Output (units) MC (₹) $(TVC_n - TVC_{n - 1})$ 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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