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A firm has fixed costs of $1000 and variable costs of $5 per unit. If it produce

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Question: A firm has fixed costs of $1000 and variable costs of $5 per unit. If it produces 200 units, what is the total cost?

Options:

  1. $2000
  2. $2100
  3. $2200
  4. $2300

Correct Answer: $2100

Solution: 

Total cost = Fixed costs + (Variable cost per unit * Number of units) = 1000 + (5 * 200) = 1000 + 1000 = $2000

A firm has fixed costs of $1000 and variable costs of $5 per unit. If it produce

Practice Questions

Q1
A firm has fixed costs of $1000 and variable costs of $5 per unit. If it produces 200 units, what is the total cost?
  1. $2000
  2. $2100
  3. $2200
  4. $2300

Questions & Step-by-Step Solutions

A firm has fixed costs of $1000 and variable costs of $5 per unit. If it produces 200 units, what is the total cost?
  • Total Cost Calculation – Understanding how to calculate total cost by adding fixed costs to the product of variable costs per unit and the number of units produced.
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