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Find out TVC and TFC Output : 0,1,2,3,4,5,6,7 TC : 50,70,85,110,150,195,240,280? Which formula is used ?
Most Upvoted Answer
Find out TVC and TFC Output : 0,1,2,3,4,5,6,7 TC : 50,70,85,110,150,19...
TVC and TFC Calculation

Total Variable Cost (TVC) and Total Fixed Cost (TFC) can be calculated using the given data of total cost (TC) and output.

The formula used to calculate TVC is:

TVC = TC - TFC

Where,
TVC = Total Variable Cost
TC = Total Cost
TFC = Total Fixed Cost

The formula used to calculate TFC is:

TFC = TC - TVC

Where,
TFC = Total Fixed Cost
TC = Total Cost
TVC = Total Variable Cost

Using the given data, we can calculate TVC and TFC for each level of output.

Output: 0
TC: 50
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 50 - TFC

Since the output is 0, there is no variable cost incurred. Therefore, the total variable cost (TVC) would be 0.

To calculate TFC:
TFC = TC - TVC
TFC = 50 - 0
TFC = 50

Output: 1
TC: 70
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 70 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 70 - TVC

We do not have enough information to calculate TVC and TFC for output 1, as we do not know the individual values of TC, TVC, and TFC.

Similarly, we can calculate TVC and TFC for the remaining levels of output using the same formulas.

Output: 2
TC: 85
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 85 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 85 - TVC

Output: 3
TC: 110
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 110 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 110 - TVC

Output: 4
TC: 150
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 150 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 150 - TVC

Output: 5
TC: 195
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 195 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 195 - TVC

Output: 6
TC: 240
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 240 - TFC

To calculate TFC:
TFC = TC - TVC
TFC = 240 - TVC

Output: 7
TC: 280
TVC: ?
TFC: ?

To calculate TVC:
TVC = TC - TFC
TVC = 280 - TFC

To
Community Answer
Find out TVC and TFC Output : 0,1,2,3,4,5,6,7 TC : 50,70,85,110,150,19...
First of all the total cost at unit 0 is ur tfc now u can calculate tvc by the formula
TVC= TC-TFC
which is 0,20,35,60,100,145,190,230,etc
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