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27 September, 14:34

If the average variable cost of producing 5 costumes in kira's costume shop is $50, and the fixed cost of the shop is $100. what is the total cost for 5 costumes?

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  1. 27 September, 16:02
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    The given average variable cost = $50

    Total variable cost = Average variable cost * Number of unit = $50 * 5 = $250

    Fixed cost = $100

    Total cost [TC] = Total fixed cost + Total variable cost

    TC = $100 + $ 250 = $350.

    The total cost for 5 costumes = $350.
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