If the fixed cost of producing seven video games is $14, and the variable cost of producing seven video games is $12, how much is the total cost of producing seven video games? $21 $7 $26 $2

Question

Business

Peyton Calderon

27 February, 15:37

If the fixed cost of producing seven video games is $14, and the variable cost of producing seven video games is $12, how much is the total cost of producing seven video games? $21 $7 $26 $2

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Answers (2)

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Keenan Richardson · Answer 1

Keenan Richardson 27 February, 15:51

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The answer should be $26

Johanna Romero · Answer 2

The total cost of producing seven video game is $26.

The fixed cost refers to the cost of input during production process which is constant in amount the quantity of products produced notwithstanding while variable cost refers to those costs that vary depending on the quantity of goods produced. To find the total cost of producing a product, the variable and the fixed costs have to be added together.