The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm. Q TC 0 10 1 30 2 45 3 55 4 70 5 90 6 120

Question

Philoid · Accepted Answer

Q	TC	TFC	AFC	SAC	TVC	AVC	SMC
0	10	10	α	α	0	0	0
1	30	10	10	30	20	20	20
2	45	10	5	22.5	35	17.5	15
3	55	10	3.33	18.33	45	15	10
4	70	10	2.5	17.5	60	15	15
5	90	10	2	18	80	16	20
6	120	10	1.67	20	110	18.33	30

The total cost given for 0 output is Rs 10, it means the fixed cost is Rs 10

SAC = TC / Q

TFC = 10

TVC = TC – TFC

AVC = TVC / Q

AFC = TFC / Q

SMC = TVC_N+1 - TVC_N

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.QTC0101302453554705906120

The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm? Calculate the TVC, AFC, AVC, SAC and SMC schedules of the firm.

Q

TC

0

10

1

30

2

45

3

55

4

70

5

90

6

120