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Question

The level of output and total cost of production of a product is given below:
Level of productionTotal cost of production
020000
100620,000
1509,20,000
18011,00,000
From the above table find the total fixed cost of production___.


A
Rs. 6000
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B
Rs. 20,000
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C
Rs. 600000
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D
None
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Solution

The correct option is B Rs. 20,000
The value of the fixed cost is Rs. 20,000 as it is being paid even when the firm produces 0 output.

Mathematics

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