If a firm's total cost of production is equal to $90,000 and they have a fixed cost of $45,000, the company's variable costs are also $45,000.

Name: If a firm's total cost of production is equal to $90,000 and they have a fixed cost of $45,000, the company's variable costs are also $45,000.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Total cost (TC) = Fixed cost (FC) + Variable cost (VC)
$90,000 = $45,000 + VC
VC = $45,000

If a Firm's Total Cost of Production Is Equal to $90,000