(c) The cost function of a firm is given below: पतंजलि 4 Output Total Cost () 1 60 80 100 111 116 Find: (i) Total fixed cost, (ii) Total variable cost, (iii) Average fixed cost, (iv) Average variable cost, (v) Marginal cost

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A: TC = FC + VC VC = TC - FC MC = (TC2 - TC1)/(Q2 - Q1) AVC = VC / Q ATC = TC / Q

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