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प्रश्न
Calculate MC and TC from the following cost schedule of a firm whose total fixed costs are ₹ 15.
| Output (Units) | 1 | 2 | 3 | 4 |
| TVC (₹) | 10 | 19 | 29 | 40 |
संख्यात्मक
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उत्तर
Given:
- Total Fixed Cost (TFC) = ₹15
- Total Variable Cost (TVC) is provided for each output level.
Step 1: Calculate Total Cost (TC)
Formula: TC = TFC + TVC
| Output (Units) | TVC (₹) | TC (₹) = TVC + 15 |
| 1 | 10 | 10 + 15 = 25 |
| 2 | 19 | 19 + 15 = 34 |
| 3 | 29 | 29 + 15 = 44 |
| 4 | 40 | 40 + 15 = 55 |
Step 2: Calculate Marginal Cost (MC)
MC = Change in TC / Change in Output
| Output (Units) | TC (₹) | MC (₹) |
| 1 | 25 | – |
| 2 | 34 | 34 − 25 = 9 |
| 3 | 44 | 44 − 34 = 10 |
| 4 | 55 | 55 − 44 = 11 |
The MC for the 1st unit is simply the change from 0 output to 1 unit:
MC (1st unit) = TC(1) − TC(0) = 25 − 15 = ₹ 10
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