The fixed cost is $30.
Fixed costs, also known as indirect costs or overhead costs in accounting and economics, are corporate expenses that are not dependent on the volume of goods or services generated by the firm. They are usually recurrent, such as monthly interest or rent. These expenses are frequently capital expenses.
Notice that when the quantity produced was equal to zero, there was still the cost of $30 incurred, hence the fixed cost.
What is marginal cost?
The marginal cost is the rise in production costs caused by the manufacture of more product units. It's also referred to as the marginal cost of manufacturing. Calculating the marginal cost enables businesses to determine how volume produced affects cost and, eventually, profits.
Variable costs are costs that fluctuate when the quantity of an item or service produced by a firm changes. Variable costs are the total of marginal costs across all units manufactured. They can also be considered standard expenses. The two components of total cost are fixed costs and variable costs.
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