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lilacmole221Lv1
6 Oct 2020
Calculate total fixed cost and total variable cost from the following data:
output
cost
0
$100
1
150
2
225
3
230
4
300
5
400
Calculate total fixed cost and total variable cost from the following data:
|
output |
cost |
|
0 |
$100 |
|
1 |
150 |
|
2 |
225 |
|
3 |
230 |
|
4 |
300 |
|
5 |
400 |
Sonal BahlLv10
11 Mar 2021
Related textbook solutions
Related questions
Use the information to determine the total fixed cost, the total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs.
|
Total Output |
Total Costs ($) |
| 0 | 100 |
| 1 | 150 |
| 2 | 225 |
| 3 | 230 |
| 4 | 300 |
| 5 | 400 |
How to find the total fixed cost? Use the following information to determine the total fixed costs.
| TOTAL OUTPUT | COSTS | TFC |
| 0 | $100 | |
| 1 | $150 | |
| 2 | $225 | |
| 3 | $230 | |
| 4 | $300 | |
| 5 | $400 |
