Exhibit 6-5 Cost schedule for a firm

-In Exhibit 6-5,by filling in the blanks it can be determined the variable costs for the first unit is:

Question

Exhibit 6-5 Cost schedule for a firm
 
-In Exhibit 6-5,by filling in the blanks it can be determined the variable costs for the first unit is:

Quizplus · Accepted Answer

The variable cost for the first unit is the difference between the total cost of producing one unit and the fixed cost. If the fixed cost is $300 and the total cost for one unit is $1000, then the variable cost is $1000 - $300 = $700.

Exhibit 6-5 Cost Schedule for a Firm