BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
50x-1000
|
|
|
1000x + 50
|
|
|
1000x-50
|
|
|
50x + 1000
|
Detailed explanation-1: -The total cost of production is divided by the total amount paid in numbers, forming the average total cost formula. A straightforward and easy-to-use procedure, the total-cost formula is calculated by dividing the total production cost by the number of products manufactured.
Detailed explanation-2: -Variable costs are the sum of all labor and materials required to produce a unit of your product. Your total variable cost is equal to the variable cost per unit, multiplied by the number of units produced. Your average variable cost is equal to your total variable cost, divided by the number of units produced.
Detailed explanation-3: -Total Fixed Cost TFC:-The total amount of money spends on fixed factors of production is called fixed cost.It can be obtained by subtracting total variable cost from total costTFC = TC-TVCTotal Variable Cost TVC:-The total amount of money spends on variable factors of production is called total variable cost.