Question

When the total fixed cost of producing 100 units is rs 30 and the average variable cost rs 3, total cost is:

Answer 1

The first force that causes attraction is the gravitational force. According to Newton's Universal Law of Gravitation every object in the universe attracts every other object in the universe. Gravity is an attractive force since any object with mass will experience a force of attraction from other objects with mass.


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Answer 2

Solution :-

Given -

Quantity Produced or Output = 100 units

Total Fixed Cost = Rs. 30

Average Variable Cost = Rs. 3

Average Variable Cost = Total Variable Cost/Output

⇒ 3 = Total Variable Cost/100

⇒ Total Variable Cost = 100*3

= Rs. 300

Total Variable Cost = Total Cost - Total Fixed Cost

⇒ 300 = Total Cost - 30

⇒ Total Cost = 300 + 30

⇒ Total Cost = Rs. 330

So, Total cost is Rs. 330

Answer.