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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST3 Marks
Question
Complete the following table:
Output (Units)Average Total Cost (₹)Average Variable Cost (₹)Marginal Cost (₹)
1543030
2-24-
3--24
433--
✓

Answer

Output (Units)Average Total Cost (₹)Average Variable Cost (₹)Marginal Cost (₹)
1543030
2362418
3322424
4332736

ATC-AVC =  AFC = 54-30 = 24 (when output = 1) = TFC.

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