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

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST4 Marks
Question
From the data calculate:
(i) average fixed cost, (ii) average variable cost, (iii) marginal cost.
Output (kg)012345
Total Cost (₹)40100120130150190
✓

Answer

Output (kg)Total Cost (₹)Total Fixed Cost (₹)Average Fixed Cost (₹)Total Variable Cost (₹)Average Variable Cost (₹)Marginal Cost (₹)
04040$\infty$---
11004040606060
21204020804020
31304013.3903010
4150401011027.520
51904081503040

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