Page 1 - HA-COST
P. 1

SAI INTERNATIONAL SCHOOL


                                                 ECONOMICS



                                                      Class-XI


                                        [MICRO   ECONOMICS]


                                                  CHAPTER -6


                                                        COST


                                                   (Module-43)



               TOPIC-


               -Numericals

               -All short run costs


               SHORT NOTES-


               FORMULAE:

                   1.  TC = TFC + TVC

                             = AC x Q
                             = TFC at zero level of output
                             = (AFC x Q) + (AVC x Q)
                   2.  TFC = TC-TVC

                               = AFC x Q
                               = TC at zero level output
                   3.  TVC = TC-TFC

                                = AVC x Q
                                =  ∑MC
                   4.  AC = AFC + AVC

                              = TC
                                  Q
                   5.  AFC = AC- AVC

                                = TFC
                                     Q
   1   2   3   4