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zero level of output.
20. Find out TFC, AFC, AVC and AC. 4
Output TC TVC TFC AFC AVC AC
0 12 0
1 18 6
2 22 10
3 27 15
4 36 24
21. Given below is the cost schedule of a firm. Its average fixed 4
cost is Rs 20 when it produces 3 units. Calculate the MC and
AC at each given level of output.
Output(unit) 1 2 3
AVC(Rs) 30 28 32
22. Complete the following table: 4
Output(unit) TVC(Rs) AVC(Rs) MC(Rs)
1 10 - -
- - 8 6
3 27 - -
- - 10 13
23. Draw AVC, AC and MC curve in a single diagram. State the 6
relationship between curve and AVC &AC curves.
24 Explain the relationship between TC, TVC and TFC with the help of a 6
diagram.
25 Find out TVC, TFC, AVC, AFC, ATC. If the AFC at 4 units 6
of output is Rs.5.
Output TC TFC TVC AFC AVC ATC
1 50 - - - - -
2 65 - - - - -
3 75 - - - - -
4 95 - - 5 - -
5 130 - - - - -
6 185 - - - - -
