Complete the following table: | ||||
Output (Units) | Average Fixed Cost (Rs) | Marginal Cost (Rs) | Average Variable Cost (Rs) | Average Cost (Rs) |
1 | 60 | 20 | - | - |
2 | - | - | 19 | - |
3 | 20 | - | 18 | - |
4 | - | 18 | - | - |
5 | 12 | - | - | 31 |
Answer:
Output (Units) Average Fixed Cost (Rs) Marginal Cost (Rs) Average Variable Cost (Rs) Average Cost (Rs) 1 60 20 20 80 2 30 18 19 49 3 20 16 18 38 4 15 18 18 33 5 12 23 19 31
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