1200.

00

TC, TVC & TFC curves

1000.00

800.00

C
o
s
t

600.00

400.00

200.00

0.00
1

Workers

10

11

12

13

14

15

16

25.00

AVC, AFC, ATC & MC Curves

20.00

15.00

C
o
s
t
10.00

5.00

0.00
1

Workers

10

11

12

13

14

15

Business Economics
No of Workers
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00

Output
0.00
10.00
22.00
36.00
52.00
70.00
86.00
100.00
112.00
122.00
130.00
137.00
143.00
148.00
152.00
155.00

TVC
0.00
60.00
120.00
180.00
240.00
300.00
360.00
420.00
480.00
540.00
600.00
660.00
720.00
780.00
840.00
900.00

AVC
~
6.00
5.45
5.00
4.62
4.29
4.19
4.20
4.29
4.43
4.62
4.82
5.03
5.27
5.53
5.81

TFC
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00
120.00

AFC
~
12.00
5.45
3.33
2.31
1.71
1.40
1.20
1.07
0.98
0.92
0.88
0.84
0.81
0.79
0.77

ATC
~
18.00
10.91
8.33
6.92
6.00
5.58
5.40
5.36
5.41
5.54
5.69
5.87
6.08
6.32
6.58

W=Wage rate per unit of Labour= 60

Total Fixed Cost= 120
Q1. Using the above information complete the rest of the table
Q2. plot the TVC, TFC, ATC and MC curves either using graph papaers or excel tools
Hard copies need to be submitted 11th Nov 5:00 PM

TC
120.00
180.00
240.00
300.00
360.00
420.00
480.00
540.00
600.00
660.00
720.00
780.00
840.00
900.00
960.00
1020.00

MC
~
6.00
5.00
4.29
3.75
3.33
3.75
4.29
5.00
6.00
7.50
8.57
10.00
12.00
15.00
20.00