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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost3 Marks
Question
Complete the following table:
Output(units)
Total Variable Cost
Average Variable Cost
Marginal Cost
1
10
-
-
-
-
8
6
3
27
-
-
-
-
10
13
✓

Answer

Output (units)

TVC

AVC

Mc

1

10

$10\big[\frac{\text{TVC}}{\text{Q}}\big]$

$10\big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\big]$

$2\big[\frac{\text{TVC}}{\text{AVC}}\big]$

16 [10 + 6]

8

6

3

27

$9\big[\frac{\text{TVC}}{\text{Q}}\big]$

$11\big[\frac{\Delta\text{TVC}}{\Delta\text{Q}}\big]$

$4\big[\frac{\text{TVC}}{\text{AVC}}\big]$

40 [27 + 13]

10

13

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