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Question:

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

Solution:

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