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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 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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