Question

The Output and the total cost data for a firm are given below. Work out the following costs.

Total Fixed cost, Total Variable cost, Average Fixed cost, Average Variable cost, Average Total cost

and Marginal cost at various levels output.

Units of output 0 1 2 3 4 5 6

Total cost (Rs.) 60 90 100 105 115 135 180

Answer 1

The answer to your question is provided below