Question
Complete the following table:
Output (Units)
Total Cost (₹)
Average Variable Cost (₹)
MC (₹)
1
90
-
30
2
-
27
-
3
-
-
27
4
180
30
-

Answer

Output

TC

AVC

MC

TVC

TFC

AFC

AC

1

90

$30\big[\frac{\text{TVC}}{\text{Q}}\big]$

30

30 [MC of 1 unit]

60 [TC - TVC]

60

$90\big[\frac{\text{TC}}{\text{Q}}\big]$

2

114 [AC × Q]

27

$24\big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\Big]$

54 [AVC × Q]

60

30

578 [AVC + AFC]

3

141 [AC × Q]

$$$27\Big[\frac {\text{TVC}}{\text{Q}}\Big]$

27

81 [54 + 27]

60

20

47 [AVC + AFC]

4

180

30

$39\Big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\Big]$

120 [TC - TFC]

60

15

45

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