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प्रश्न
Calculate TVC and TC from the following cost schedule of a firm, given the fixed cost of 10.
| Outputs (Units) | 1 | 2 | 3 | 4 |
| Marginal cost (₹) | 6 | 5 | 4 | 6 |
संख्यात्मक
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उत्तर
Given:
- Fixed Cost (TFC) = ₹ 10
- Marginal Cost (MC) for each output level is given.
Step 1: Calculate TVC (Total Variable Cost)
TVC is calculated by adding up marginal costs (MC).
| Output (Units) | MC (₹) | TVC (₹) |
| 1 | 6 | 6 |
| 2 | 5 | 6 + 5 = 11 |
| 3 | 4 | 11 + 4 = 15 |
| 4 | 6 | 15 + 6 = 21 |
Step 2: Calculate TC (Total Cost)
TC = TFC + TVC
| Output (Units) | TVC (₹) | TC = 10 + TVC (₹) |
| 1 | 6 | 16 |
| 2 | 11 | 21 |
| 3 | 15 | 25 |
| 4 | 21 | 31 |
TVC = ₹ 6, ₹ 11, ₹ 15, ₹ 21
TC = ₹ 16, ₹ 21, ₹ 25, ₹ 31
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