Complete the following cost schedule assuming TFC of 4 units of output to be 20
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BBA-1st Sem Micro Economics Notes 80%(55)80% found this document useful (55 votes) 31K views126 pagesDocument Informationclick to expand document information
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Home Books Audiobooks Documents What is the value of average total costs ATC at 4 units of output?Average variable cost at 5 units of output is `₹ 40`.
What is the formula for TFC?Total Fixed Cost TFC:- The total amount of money spends on fixed factors of production is called fixed cost.It can be obtained by subtracting total variable cost from total costTFC = TC - TVCTotal Variable Cost TVC:- The total amount of money spends on variable factors of production is called total variable cost.
What is the fixed cost of producing 4 units?The average fixed cost at 4 units of output is `₹ 20`.
When TFC of producing 100 units is 30 and AVC is Rs 3 total cost?TC= Rs. 330. Was this answer helpful?
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