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Managerial Economics Marginal Cost Example

The document contains data on total fixed costs, total variable costs, and total costs for 6 units. It also defines key terms like total cost, marginal cost, average variable cost, and average total cost and provides examples of fixed and variable costs.

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Ojase Jain
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31 views6 pages

Managerial Economics Marginal Cost Example

The document contains data on total fixed costs, total variable costs, and total costs for 6 units. It also defines key terms like total cost, marginal cost, average variable cost, and average total cost and provides examples of fixed and variable costs.

Uploaded by

Ojase Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Units Total Fixed Cost/Fixed Cost Total Variable Cost/Variable Cost Total Cost

1 100 50 150
2 100 80 180
3 100 135 235
4 100 208 308
5 100 300 400
6 100 414 514

Total Cost = Total Fixed Cost + Total Variable Cost


Marginal Cost=Total Cost N -Total Cost N-1
Average Variable Cost = Total Variable Cost/Units
Average Total Cost = Total Cost/Units

Example Of Fixed Cost : Rent, Insurance Charges, EMI of Loan, Fixed Maintainance charges
Example Of varible cost: Raw Material Cost, Commission, Packing Charges, Electricity Bill etc
Marginal Cost Average Variable Cost Average Total Cost
50 150
30 40 90
55 45 78
73 52 77
92 60 80
114 69 86

aintainance charges
ges, Electricity Bill etc

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