During the previous​ month, a firm produced 200

Question

tablet devices at an average variable cost of ​$39

and at an average fixed cost of ​$12
.
During the​ month, the​ firm's total costs were

Answer 1

Total variable cost = Average variable cost x Quantity produced
Total variable cost = $39 x 200 = $<<39*200=7800>>7,800

Total fixed cost = Average fixed cost x Quantity produced
Total fixed cost = $12 x 200 = $<<12*200=2400>>2,400

Total cost = Total variable cost + Total fixed cost
Total cost = $7,800 + $2,400 = $<<7800+2400=10200>>10,200