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if at 500 units of output, total fixed cost is equal to $10,000 and total variable cost is equal to $15,000. total cost is equal to .

Respuesta :

The total cost will equal to $25000.

What is total cost?

  • Total cost is the sum of all expenditures made to generate a certain level of production; when this total cost is divided by the amount produced, average or unit cost is discovered.

What is the formula for total cost?

  • As a result, total cost (TC) is the sum of fixed cost (FC) and variable cost (VC), or Kr + Lw = TC = FC + VC.

What are the overall expenses and earnings?

  • Total revenue less all costs, both explicit and implicit, equals economic profit.
  • Even though a corporation pays income taxes based on its accounting profit, its economic profit determines whether or not it will be financially successful.

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