Total Variable Cost

Following information is given about a firm : From this information find out : (i) Average fixed cost of producing 4 units, (ii) Average variable cost of producing 5 units, (iii) Least average cost level of output, (iv) Marginal cost of producing the 3^(rd) unit, (v) Total variable cost of producing 6 unit.

The details about total variable cost (TVC) of a firm is given. It is also given that the vertical distance between TVC curve and total cost (TC) curve is fixed at ₹ 60 at all levels of output. On the basis of this data, calculate TC.

Following information is given about a firm: From this information find out: (i) the average fixed cost of producing 4 units. (ii) the average variable cost of producing 5 units. (iii) the least average cost level of output. (iv) the marginal cost of producing the 3rd unit. (v) the total variable cost of producing 6 units.

Calculate Marginal Cost and Average Variable Cost from the following cost schedule of a firm whose Total fixed Costs are ₹ 10 :

Why does the difference between Average Total Cost and Average Variable Cost decrease with an increase in the level of output.? Can these two be equal at some level of output ? Explain.

A firm's Average Fixed Cost of producing 2 units of a good is ₹ 9 and given below is its total cost schedule. Calculate its Average Variable Cost and Marginal Cost for each of the given level of output :