Year 10 - Economics - 26.5.14

Thai Sikh International School

E-Learning Programme – Online Assignment – 22/05/2014

Name :                                                                                                      Subject : Economics

Year   :  10A & 10B                                                                                Assignment   No. :      

From the following information calculate Total Fixed Cost, Total Variable Cost, Average cost, Average Fixed Cost and Average Variable cost. Write down the formulas and show the calculation below the table. [10]

Costs of Production:

Output	TC	TFC	TVC	AC	AFC	AVC
0	60
1	110
2	150
3	180
4	200
5	230
6	300

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