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Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _?
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Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60...
Output: 1 2 3 4 5
AVC: . 18 . 20 22
TC: 60 . . 120 .
MC: 20 . 18 . .
Explanation:
Output: 1 2 3 4 5
The "Output" column represents the quantity of output produced by a firm. In this case, the firm is producing 5 units of output.
AVC: . 18 . 20 22
The "AVC" column represents the average variable cost of producing each unit of output. The average variable cost is calculated by dividing the total variable cost by the quantity of output. In this case, the average variable cost for the first unit is not given, but for the second unit, it is 18. The average variable cost for the third unit is not given, but for the fourth unit, it is 20. Finally, the average variable cost for the fifth unit is 22.
TC: 60 . . 120 .
The "TC" column represents the total cost of production. The total cost includes both fixed costs and variable costs. In this case, the total cost for the first unit is 60. The total cost for the second unit is not given. The total cost for the third unit is not given. The total cost for the fourth unit is 120. Finally, the total cost for the fifth unit is not given.
MC: 20 . 18 . .
The "MC" column represents the marginal cost of producing each additional unit of output. The marginal cost is calculated by taking the difference between the total cost of producing the current quantity of output and the total cost of producing the previous quantity of output. In this case, the marginal cost for the first unit is 20. The marginal cost for the second unit is not given. The marginal cost for the third unit is 18. The marginal cost for the fourth unit is not given. Finally, the marginal cost for the fifth unit is not given.
Summary:
- The firm is producing 5 units of output.
- The average variable cost for the second unit is 18, and for the fourth unit, it is 20. The average variable cost for the other units is not given.
- The total cost for the first unit is 60, and for the fourth unit, it is 120. The total cost for the other units is not given.
- The marginal cost for the first unit is 20, and for the third unit, it is 18. The marginal cost for the other units is not given.
AVC: . 18 . 20 22
TC: 60 . . 120 .
MC: 20 . 18 . .
Explanation:
Output: 1 2 3 4 5
The "Output" column represents the quantity of output produced by a firm. In this case, the firm is producing 5 units of output.
AVC: . 18 . 20 22
The "AVC" column represents the average variable cost of producing each unit of output. The average variable cost is calculated by dividing the total variable cost by the quantity of output. In this case, the average variable cost for the first unit is not given, but for the second unit, it is 18. The average variable cost for the third unit is not given, but for the fourth unit, it is 20. Finally, the average variable cost for the fifth unit is 22.
TC: 60 . . 120 .
The "TC" column represents the total cost of production. The total cost includes both fixed costs and variable costs. In this case, the total cost for the first unit is 60. The total cost for the second unit is not given. The total cost for the third unit is not given. The total cost for the fourth unit is 120. Finally, the total cost for the fifth unit is not given.
MC: 20 . 18 . .
The "MC" column represents the marginal cost of producing each additional unit of output. The marginal cost is calculated by taking the difference between the total cost of producing the current quantity of output and the total cost of producing the previous quantity of output. In this case, the marginal cost for the first unit is 20. The marginal cost for the second unit is not given. The marginal cost for the third unit is 18. The marginal cost for the fourth unit is not given. Finally, the marginal cost for the fifth unit is not given.
Summary:
- The firm is producing 5 units of output.
- The average variable cost for the second unit is 18, and for the fourth unit, it is 20. The average variable cost for the other units is not given.
- The total cost for the first unit is 60, and for the fourth unit, it is 120. The total cost for the other units is not given.
- The marginal cost for the first unit is 20, and for the third unit, it is 18. The marginal cost for the other units is not given.
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Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _?
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Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _?.
Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Fill the following :- Output :- 1 2 3 4 5 AVC :- _ 18 _ 20 22 TC :- 60 _ _ 120 _ MC :- 20 _ 18 _ _?.
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