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When the Total Fixed Cost of Producing 100 Units is Rs 30and the Average Variable Cost Rs 3, Total Cost is - Economics

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When the total fixed cost of producing 100 units is Rs 30and the average variable cost Rs 3, total cost is : (Choose the correct alternative)

(a) Rs 3

(b) Rs 30

(c) Rs 270

(d) Rs 330

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Solution

Rs 330

TC = TFC + TVC
TC = 30 + AVC×Q
TC = 30 + 3×100
TC = Rs 330

 

Concept: Basic Concepts of Cost
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