Total cost is determined by adding fixed costs and variable costs together. fixed cost + variable cost = total cost
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
Working on that principle there is a difference in 32.86 and 36.12 (3.26 the difference of 1 ball) multiply 3.26 by 6 (amount of balls) take the sum of this from 36.12 = the cost of a bat a ball costs 3.26 a bat costs 16.56 Total 1 bat/1 ball 19.82
5 cents
Total cost = cost per unit x units produced or Total cost = cost per unit x units sold or Fixed costs + Variable costs
Total cost = cost per unit x units produced or Total cost = cost per unit x units sold or Fixed costs + Variable costs
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
he costs more than a dollar
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.
No. Total cost includes fixed costs, too. Even Semi Variable costs include Fixed costs...??? So whats the difference?
In a perfectly competitive market, all n firms are equal. Thus, the market total cost is the total cost (TC) of one firm multiplied by the amount of n firms in the market Total Market Cost =Variable Costs and fixed costs ...Fixed costs plus variable costs.