Total Fixed Cost (TFC), Total Variable Cost (TVC), Total Cost (TC), and the Average Total Cost (ATC) per unit. A company produces 100 bicycles per month. The company pay 3,000 per rent, 2, 000 per insurance, 1,000 per loan, including interests, 3,000 per labor, and 11,000 per raw materials. Calculate the Total Fixed Cost (TFC), the Total Variable Cost (TVC) the Total Cost (TC) of producing the 100 bicycles and the Average
Total Fixed Cost (TFC), Total Variable Cost (TVC), Total Cost (TC), and the Average Total Cost (ATC) per unit. A company produces 100 bicycles per month. The company pay 3,000 per rent, 2, 000 per insurance, 1,000 per loan, including interests, 3,000 per labor, and 11,000 per raw materials. Calculate the Total Fixed Cost (TFC), the Total Variable Cost (TVC) the Total Cost (TC) of producing the 100 bicycles and the Average
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Total Fixed Cost (TFC), Total Variable Cost (TVC), Total
Cost (TC), and the Average Total Cost (ATC) per unit. A
company produces 100 bicycles per month. The
company pay 3,000 per rent, 2,000 per insurance,
1,000 per loan, including interests, 3,000 per labor,
and 11,000 per raw materials. Calculate the Total Fixed
Cost (TFC), the Total Variable Cost (TVC) the Total Cost
(TC) of producing the 100 bicycles and the Average
Total Cost (ATC) per bicycle.
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