if total fixed cost is rs 20and the total variable cost is rs 50 then find out the total cost of production
Answers
Answered by
12
Answer:
It must be ₹ 70
Explanation:
Total Fixed Cost + Total Variable Cost = Total Cost Of Production
Answered by
1
Given data:
Total Fixed Cost = Rs. 20
Total Variable Cost = Rs. 50
To find:
The total cost of production = Rs. ?
Solution:
We know that, The Total Cost = Total Fixed Cost + Total Variable Cost.
Where the value of the variable cost goes changing specifically.
Total Cost = Rs. 20 + Rs. 50
= Rs. 70
Therefore, The total cost of production = Rs. 70.
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