CLASS SPREADSHEET ON COST AND REVENUE INSTRUCTOR: ASHISH ARORA

Q.1 Calculate Total fixed cost and Total variable cost.

Output 0 1 2 3 4 5
TC 40 100 120 130 150 190

Q.2 Complete the following table:

Units of output TC TFC TVC MC
0 100
1 120
2 130

Q.3 Find out the missing figures from the table given below:
Output 0 1 2 3 4 5 6
TC 50 100
AC
MC 20 51 56 60 70

Q.4 Complete the following table:

Output AFC AC AVC MC
1 140 50
2 45
3 45
4 22.5 48
5 18 52

Q.5 Complete the following table:

Output Average Cost Marginal Cost
1 12
2 10
3 10
4 10.5
5 11
6 17
7 20
Q.6 Complete the following table:
Output 1 2 3 4 5
AR 6 4 2
MR 4 0
TR 6 10

Q.7 complete the following table:

Price Output TR MR
1 5
4 8
3 1
2 8
Q.8 The MR schedule is given below. Derive the TR and AR schedule:
Output 0 1 2 3 4 5 6 7
MR -- 14 10 7 5 0 -3 -5
Q.9 Complete the following table:
Output 1 2 3 4 5
AR 10 8
MR 10 8 0
TR 10 20
Q.10 Complete the following table:
Price Output Total Revenue Marginal Revenue
7 7
2 10
3 -1
1 -5
Q.11 Determine TR,AR and MR
Units 10 9 8 7 6 5 4
Price 10 20 30 40 50 60 70
Q.12 Complete the following table:
Output TR MR Price
1 4
2 6
3 6
4 4
Q.13Complete the following table:
Units 4 5 6 7
TR 48 42
MR 10
AR -2
Q.14 Find out Producer equilibrium level of output through Marginal Revenue Marginal cost
approach:
Output Total Cost Total revenue
1 12 10
2 22 20
3 30 30
4 40 40
5 42 50
Q.15 Find out the Producer equilibrium also find profit at equilibrium level:
Output Total Revenue Total cost
1 6 7
2 12 13
3 18 17
4 24 23
5 30 31
Q.16 Find out the producer equilibrium:
Output Total revenue Total cost
1 18 21
2 36 39
3 54 54
4 72 72
5 90 93
Q.17 Find out producer equilibrium( Price is 10)
Output 1 2 3 4 5 6
Total cost 12 22 31 38 48 60