The sum of fixed cost and variable cost at any rate of output is equal to:

Question

Quizplus · Accepted Answer

The sum of fixed cost and variable cost at any rate of output is equal to the total cost. This is because fixed cost is a constant cost that does not change with the level of production, while variable cost increases with an increase in production. Therefore, the sum of these two costs gives us the total cost of production at any level of output. This calculation is important for determining the breakeven point and making pricing decisions. Hence, option C is the correct answer. Average total cost, total profit, and marginal cost are different cost measures that are calculated using different formulas and concepts.

The Sum of Fixed Cost and Variable Cost at Any