Ph.

: 55711031, 25499279
+ 9810865706, 9810378235

STUDY CIRCLE
(THE ACME OF EXCELLENCE)
15/22 IInd Floor Ashok Nagar New Delhi - 18
CLASS: XII
ECONOMICS [COST NUMERICALS]

Q.1 Form the table given below, calculate MC.

Quantity (kg.) 1 2 3 4 5 6
AVC (Rs.) 60 40 30 26 28 35

Q.2 From the total cost schedule given below, calculate average and marginal cost. What is
fixed cost of production?
Quantity produced 0 1 2
Total cost (Rs.) 10 15 22

Q.3 Complete the following table:-

Output TC TFC TVC AFC AVC AC MC

0 120
1 30
2 25
3 16
4 14

Q.4 Cost function of firm is given below. Find out (i) TFC (ii) IVC (iii) AFC (iv) AVC (v) MC.
Output 0 1 2 3 4 5 6
Total cost (Rs.) 60 80 100 111 116 130 150

Q.5 Complete the following:

Output (units) TC AFC AVC MC
1 20 6
2 26 3
3 39 2

Q.6 From the following information about a firm, find out:

(i) AFC of producing 3 units
(ii) AVC of producing 4 units
(iii)The least average cost (AC) level of output.
(iv) MC of producing 5th unit
(v)TVC of producing 6 units.

Output 0 1 2 3 4 5 6
(Units)
Total cost 150 300 420 600 790 1000 1260
(Rs.)
 Ph.: 55711031, 25499279
+ 9810865706, 9810378235

STUDY CIRCLE
(THE ACME OF EXCELLENCE)
15/22 IInd Floor Ashok Nagar New Delhi - 18
CLASS: XII
ECONOMICS [COST NUMERICALS]

Q.7 The following table shows MC at different level of output by a firm. Its TFC are Rs. 120.
Find its ATC and AVC at each level of output.
Output (units) 1 2 3
Marginal cost (Rs.) 40 30 26

Q.8 Total fixed cost is Rs. 90. Complete the following table.
Output (units) MC (Rs.) TC(Rs.) ATC (Rs.)
1 10
2 20
3 15

Q.9 Given that total fixed cost is Rs. 60, complete the following table.
Output (units) AVC (Rs.) TC (Rs.) MC(Rs.)
1 20
2 15
3 20

Q.10 Complete the following table:-

Output TC TFC TVC AFC AVC AC MC
0 100
1 90
2 135
3 240
4 400
5 74
6 80
Prepared by
Mr. Manish (9810197593)