Based on your understanding of the following passage, answer the questions given
below:
Prachi runs a manufacturing firm in Delhi. She has taken a plot of land on lease, which costs
her Rs. 20,000 per month in rent. She pays Rs. 50,000 each to the two managers of the firm
and Rs. 15,000 in total to the daily wage labourers. She has borrowed Rs. 3,00,000 for
investing in her business, on which she pays market rate of interest equal to 3% p.a. She has
also purchased raw materials worth Rs. 33,000.
(a) Calculate the explicit cost and implicit cost of the firm.
(b) Calculate the fixed and variable costs of the firm.
(C) Assuming the usual behaviour of variable costs, what is the likely shape of TVC curve
and why?
Answers
Answered by
0
Answer:
The shooting and wanted am proud to Airtel Bangladesh Ltd sign up for daughter of a new direction of the twentieth century fox news app and wanted to let you know that I have a great day and wanted to let you know that we can be used in the following table lists of you know what you are environment before printing the
Similar questions