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A firm is producing 20units. At …

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A firm is producing 20units. At this level of output, average total cost is rupees 40 and average variable cost is rupees 37. Total fixed cost of the firm is.......... 1)800 2)740 3)60 4)0

    • Posted by Gayatri Parashar 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 7 answers

    Akansha Ahuja 7 years, 11 months ago

    Avc= tvc/q Tvc= avc*q Tvc= 37× 20 Tvc= 740 Now, Ac=tc/q Tc= ac/q Tc= 40*20 Tc= 800 Tc = tvc+ tfc Tfc= 800- 740 Tfc= 60

    1Thank You

    Md Kashif 7 years, 11 months ago

    3)60

    0Thank You

    Sachin Kumar 7 years, 11 months ago

    Anyone show mwe practically

    0Thank You

    Akansha Ahuja 7 years, 11 months ago

    60

    0Thank You

    Akansha Ahuja 7 years, 11 months ago

    800 Because, AFC= TFC/Q 40=tfc/ 20 Tfc= 800

    1Thank You

    Veer Raghuwanshi 7 years, 11 months ago

    Answer is 60

    2Thank You

    Shruti Rani 7 years, 11 months ago

    3 I.e.60 By mult. ATC n avc by the given respective unit n subtracting t same would be t fixed cost as fixed cost always remain same 4 all t units

    4Thank You

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