For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. Q L TFC ($) TVC($) 19.53 1 200 50 38.16 2 200 100 55.90 3 200 150 72.80 4 200 200 104.17 6 200 300 132.50 8 200 400 157.99 10 200 500 191.36 13 200 650 219.44 16 200 800 249.61 20 200 1000 277.32 25 200 1250 295.76 30 200 1500
For the table given below. Calculate TC, AFC, AVC and MC and show diagrammatically. Q L TFC ($) TVC($) 19.53 1 200 50 38.16 2 200 100 55.90 3 200 150 72.80 4 200 200 104.17 6 200 300 132.50 8 200 400 157.99 10 200 500 191.36 13 200 650 219.44 16 200 800 249.61 20 200 1000 277.32 25 200 1250 295.76 30 200 1500
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
For the table given below. Calculate TC, AFC,
Q |
L |
TFC ($) |
TVC($) |
19.53 |
1 |
200 |
50 |
38.16 |
2 |
200 |
100 |
55.90 |
3 |
200 |
150 |
72.80 |
4 |
200 |
200 |
104.17 |
6 |
200 |
300 |
132.50 |
8 |
200 |
400 |
157.99 |
10 |
200 |
500 |
191.36 |
13 |
200 |
650 |
219.44 |
16 |
200 |
800 |
249.61 |
20 |
200 |
1000 |
277.32 |
25 |
200 |
1250 |
295.76 |
30 |
200 |
1500 |
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