1. Business
  2. Economics
  3. output tfc tvc tc afc avc ac mc 0 10...

Question: output tfc tvc tc afc avc ac mc 0 10...

Question details

Output

TFC

TVC

TC

AFC

AVC

AC

MC

0

10

0

10

 

 

 

 

1

10

8

18

10.00

8.00

18.00

8

2

10

12

22

5.00

6.00

11.00

4

3

10

15

25

3.33

5.00

8.33

3

4

10

17

27

2.50

4.25

6.75

2

5

10

20

30

2.00

4.00

6.00

3

6

10

24

34

1.67

4.00

5.67

4

7

10

29

39

1.43

4.14

5.57

5

8

10

36

46

1.25

4.50

5.75

7

9

10

48

58

1.11

5.33

6.44

12

10

10

70

80

1.00

7.00

8.00

22

 

(b) At what output do diminishing marginal returns set in (assume constant factor prices)? (2 marks)

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