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Complete the Following Table: Output (Units) Average Fixed Cost (Rs ) Marginal Cost (Rs ) Average Variable Cost (Rs ) Average Cost (Rs ) - Economics

Complete the following table:

Output
(Units)
Average Fixed Cost
(Rs )
Marginal Cost
(Rs )
Average Variable Cost
(Rs )
Average Cost
(Rs )
0 30      
1 ... ...   30
2 78 ... ... ...
3 ... 23 ... 10
4 ... ... 23 ...
5 150 ... ... 6
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Solution

Output
(Units)
TC(`)

AVC(`)

`AVC = "TVC"/Q`

MC(`)

MC = TVCn - TVCn-1

AFC(`)

`AFC = "TFC"/Q`

TFC TVC
0 30          
1 55 25 25 3 30 25
2 78 24 23 15 30 48
3 99 23 21 10 30 69
4 122 23 23 7.5 30 92
5 150 24 28 6 30 120
Concept: Basic Concepts of Cost
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