00:01
Hello everyone.
00:02
So the question says that determine the total fixed cost for producing 1 ,000 units of output and 500 units of output.
00:10
And what is the afc at 1 ,000 units of output? 500 units of output.
00:16
As well as third says, determine tvc, avc, mc and ac at 50 units of output.
00:24
Now talking about total cost.
00:27
So it is given that total cost is equals to 1500 plus 15 ,000 plus 15 ,000.
00:33
Q minus 6 q square plus q q q fixed cost is the constant part of the total cost and constant part of total cost is 1500 so fixed cost is also 1500 now as we know that a fc is equals to fixed cost divided by q total fixed cost is constant irrespective of the quantity produce now total fixed cost at 1 ,000 units and 500 units is 15 so total fixed cost at q is equals to 1000 is fixed cost is equals to 1500 and when q is equals to 500 so fixed cost is equals to 1500 similarly a fc is equals to fixed cost divided by q so at q is equals to 1000 afc is equal to 1 ,000 afc is equals to 1500 divided by 1000 that is equals to 1 .5 whereas q is equals to 500 so afc is equals to 1500 divided by 500 that gives 3 so a a fc at q is equals to 1 ,000 will be 1 .5 and afc at q is equal to 500 will be 3.
02:39
Coming to the third part that says tvc is the variable part of total cost.
02:49
So, tvc is equals to total cost minus total fixed cost...