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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)
Total Variavle Cost (TVC) (₹)
Average Variable Cost (AVC) (₹)
Marginal Cost (MC) (₹)
1
__
12
__
2
20
__
__
3
__
10
10
4
40
__
__
✓

Answer

Output (Units)
Total Variavle Cost (AVC × Q) (₹)
AVC (₹) $\Big(\frac{\text{TVC}}{\text{Q}}\Big)$
MC (₹) $(TVC_n - TVC_{n - 1})$
1
12
12
12
2
20
10
__
3
30
10
10
4
40
10
10

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