Cole's estimated total costs are $680,000
Total fixed cost:
= 12,000 X ($6 + $4)= $120,000
Variable cost per unit:
= $32 + $20 + $15 + $3
= $70
Total cost:
= [8,000 X ($32 + $20 + $15 + $3)] + $120,000
= $680,000
Fixed costs are fees that do not vary with the quantity produced. Examples are interesting on debt, property taxes, and rent. Context: Economists also upload to constant cost the ideal go-back on capital that's sufficient to preserve that capital in its present use.
Agencies incur sorts of production expenses: variable and fixed charges. Variable fees alternate based on the amount of output produced. Variable prices can also consist of exertions, commissions, and uncooked materials. Constant expenses stay equal no matter the production output.
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