Question

5. If total fixed cost of producing 5 units of output is Rs. 20 and total variable cost is Rs. 50, then what
will be the value of Total cost of producing 5 units of output?
(a) Rs. 30
(b) Rs. 70
(c) Rs. 1000
(d) Rs. 50
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Answer 1

Answer:

The answer is 70. Total cost=Total fixed cost+Total variable cost.