A firm incurred the following costs in production. Use the information in the table to answer the question below.

Output
(bags of rice
0 10 20 30 40 50 60
Total Cost ($) 100 200 300 380 440 520 600

 

The fixed cost of production is___________

a

$I00.

b

$200.

c

$300.

d

$600

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Explanation

Correct Option
a

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Discussions (3)

Erastus11
2 months ago

How ? The formula for fixed cost is FC=TC-VC Or Afc × Quantity

qazx1234
1 year ago

why are there no comment on this question

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