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What should the firm’s fixed cost of production, when average variable cost is Rs 30 per unit, total cost of production is Rs 300 and only 2 units of production are produced?

Asked by Topperlearning User 25th April 2016, 1:04 PM
Answered by Expert
Answer:

TC = Rs 300, AVC = Rs 30, Output = 2 units.

TVC= AVC * Output

 = Rs 30 * 2= Rs 60

Fixed Cost = TC-TVC = Rs 300-RS 100

Fixed Cost = Rs 200

Answered by Expert 25th April 2016, 3:04 PM
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