(b) Consider the following Table which gives total cost schedule of a firm. Given that the
average fixed cost of producing 2 units of output is Rs. 10. Find the total variable
cost, total fixed cost, average variable cost, average fixed cost, short-run average
cost, and short-run marginal cost schedules of the firm for the corresponding values
of output.

Quantity    Total cost
    1                  50
    2                  65
    3                  75
    4                  95
    5                  130
    6                  185

MC (when output is 1 unit)

=TVCn​−TVCn−1​

=30−0

=30

Q  TC 
  (Rs.)    TFC (4 X Rs.5)   
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