The table below shows the total cost of producing different units of a commodity. Table 7.2
From Table 7.2, derive the value of total fixed costs.

Name: The table below shows the total cost of producing different units of a commodity. Table 7.2 From Table 7.2, derive the value of total fixed costs.
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Question

The table below shows the total cost of producing different units of a commodity. Table 7.2
 From Table 7.2, derive the value of total fixed costs.

Quizplus · Accepted Answer

The total fixed cost is the cost that does not change with the level of production. In this table, the cost of producing 0 units (which is the fixed cost) is $100. Therefore, the answer is B.

The Table Below Shows the Total Cost of Producing Different