Question

. If average fixed cost is 40 and average variable cost is 80 for an output level of
10, then the total cost is
1200
120
40
400​

Answer 1

Answer:

120

Explanation:

Total cost= Average variable cost+ average fixed cost

= 40+ 80

=120

Answer 2

Given - Average fixed cost and average variable cost

Find - Total cost

Solution - The total cost will be calculated by calculating the sum of average fixed cost and average variable cost.

Total cost = 40 + 80

Performing addition

Total cost = 120

Hence, the total cost is 120.