A firms’ average fixed cost of producing 2 units of a good is Rs. 9 – InterviewSolution

1.

A firms’ average fixed cost of producing 2 units of a good is Rs. 9 and given below is its total cost schedule. Calculate its Average variable cost and marginal cost for each of the given level of output.Output 123TC (Rs.)232730

Answer»

TFC = AFC × No. of Units of output

= 9 × 2 = 18

Output Q Units	TC Rs	TFC Rs.	TVC Rs	AVC Rs.	MC Rs.
1	23	18	5	5	5
2	27	18	9	4.50	4
3	30	18	12	4	3

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