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MonoMed, having a Patent on production of a medicine, has following Demand and Cost Schedule : Price (Rs ) 12 11 10 9 8 7

MonoMed, having a Patent on production of a medicine, has following Demand and Cost Schedule :

Price (Rs ) 12 11 10 9 8 7 6 5 4 3

Quantity 0 1 2 3 4 5 6 7 8 9

TVC ( Rs ) 0 13 16 20 25 31 38 46 56 68

Where Fixed Cost is Rs 5

In a Table calculate TR, MR, TC, AVC, ATC and MC at each price. (2 Mark)

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