A firm’s SMC schedule is shown in the following table. The total fixed cost of the firm is Rs 100.

Monjur Alahi

A firm’s SMC schedule is shown in the following table. The total fixed cost of the firm is Rs 100. Find the TVC, TC, AVC and SAC schedules of the firm.

L SMC
0 .......
0 -
1 500
2 300
3 200
4 300
5 500
6 800

0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call
L SMC TFC = 100 TVCn = SMCn + TVCn -1 TC = TFC + TVC AVC = TVC/Q SAC = AFC + AVC
0 - 100 - 100 - -
1 500      100 500 600 500 600
2 300 100 800 900 400 450
3 200 100 1000 1100 333.33 366.67
4 300 100 1300 1400 325 350
5 500 100 1800 1900 360 380
6 800 100 2600 2700 433.33 450

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
The following table shows the total cost schedule of a firm. What is the total fixed cost schedule of this firm?

L            TC        TFC = TC - TVC  TVC = TC - TFC  AFC = TFC/Q AVC = TVC/Q SAC = AFC + AVC  SMC = TCn - TCn -...

1 Answers 1 views
The following table gives the total cost schedule of a firm. It is also given that the average fixed cost at 4 units of output is Rs 5.

L TC TFC = 20 TVC=TC - TFC AFC = TFC/Q AVC = TVC/Q SAC = AFC + AVC SMC = TCn - TCn -1 1 50 20 30 20 30 50 30 2 65 20 45 10 22.5 32.5 15 3 75 20 55 6.66 27.5 34.16 10 4 95 20 75 5 18.75 23.75 20 5 130 20 110 4 22 26 35 6 185      20 165 3.33 27.5 30.83 55

1 Answers 2 views
The following table shows the total cost schedule of competitive firm. It is given that the price of the good is Rs 10.

Quantity Sold Price TC TR = P x Q Profit = TR - TC 0 10 5 10 x 0 = 0 0 - 5 =- 5 1 10 15 10 x 1 = 10 10 - 15 = - 5 2 10 22 10 x 2 =...

1 Answers 1 views
There are three identical firms in a market. The following table shows the supply schedule of firm 1. Calculate the market supply schedule.

Price SS1 (units) SS2 (units) SS3 (units) Market Supply = SS1 + SS2 + SS3 0 0 0 0 0 1 0 0 0 0 2 2 2 2 6 3 4 4 4 12 4 6 6 6 18 5 8 8 8 24 6 10 10 10 30 7 12 12 12 36 8 14 14 14 42

1 Answers 1 views
A monopoly firm has a total fixed cost of Rs 100 and has the following demand schedule:

Quantity Price (P) (Rs) TR= P x Q(Rs) 1 100 100 2 9 180 3 80 240 4 70 280 5 60 300 6 50 300 7 40 280 8 30 240 9 20 180 10 10 100 As the total cost of the monopolist firm is zero, the profit will be the maximum where TR is maximum. That is, at the 6th...

1 Answers 2 views
When the total fixed cost of producing 100 units is Rs.30 and the average variable cost Rs.3, total cost is : (Choose the correct alternative)

(c) Total cost is Rs.330

1 Answers 1 views
From the following total cost and total revenue schedule of a firm, find out the level of output, using marginal cost

'The equilibrium level of output wiil be 4 units. This is because at this point the two conditions of equilibrium (using MR-MC approach are met . This can be seen...

1 Answers 2 views
What is the relation between Average Variable Cost and Average Total Cost, if Total Fixed Cost is zero?

AVC = ATC We know that, TC=TFC+TVC Dividing both the sides by 'Q', we get Hence, TC/Q = TFC/Q + TVC/Q [.'.TFC = 0] ATC = AVC Graphically, both the cost curves will intersect each other....

1 Answers 1 views
The following table shows the total cost schedule of a firm.

Output TC(Rs.) TFC(Rs.) TVC(Rs.) AFC(Rs.) AVC(Rs.) AC(Rs.) MC(Rs.) 0 10 10 0 0 - - - 1 30 10 20 10 20 30 20 2 45 10 35 5 17.5 22.5 15 3 55 10 45 3.33 15 18.33 10 4 70 10 60 2.50 15 17.5 15 5 90 10 80 2.0 16 18 20 6 120 10 110 1.67 18.33 20 30

1 Answers 1 views
A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100.00.

Output(units)  SMC(Rs.) TFC(Rs.) TVC(Rs.) TC(Rs.) AVC(Rs.) SAC(Rs.) 0 - 100 0 100 - - 1 500 100 500 600 500 600 2 300 100 800 900 400 450 3 200 100 1000 1100 333.33 366.67 4 300 100 1300 1400 325 350 5 500 100 1800 1900 360 380 6 800 100 2600 2700 433.33 450

1 Answers 1 views
X