Question: cost concepts 1. a) Complete the following table. The fixed cost is RM50. OUTPUT TVC TC MC ATC AVC AFC (UNIT) (RM) (RM) (RM) (RM)

cost concepts

1. a) Complete the following table. The fixed cost is RM50. OUTPUT TVC TC MC ATC AVC AFC (UNIT) (RM) (RM) (RM) (RM) (RM) (RM) 100 160 3 200 260 5 340 6 440 7 560 8 700 b) What is the fixed cost faced by the firm. 2. a) Complete the following table. OUTPUT TFC TVC TC AFC AVC ATC MC (UNIT) (RM) (RM) (RM) (RM) (RM) (RM) (RM) 0 50 10 50 10 25 50 20 45 50 30 70 50 40 105 50 50 135 50 60 155 50 70 170 50 80 180 50 90

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