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Goryan [66]
2 years ago
5

Cindy's car wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes

). the firm's total cost is:_______
a. $300.
b. $500.
c. $100.
d. $200
Business
1 answer:
Ivanshal [37]2 years ago
6 0

The correct option is b. the firm's total cost $500.

Total cost:

Total fixed costs are the total of all recurring, fixed costs that a business incurs.

The variable and fixed expenses of providing commodities are combined to create a total using the total cost formula. The equation is:

Total cost = (Average fixed cost x average variable cost) × Number of units produced.

Cindy's Car Wash has average variable costs of $2 and average fixed costs of $3 when it produces 100 units of output (car washes).

The firm's total cost is

AFC = $3, AVC = $2

Average total cost = AFC + AVC = $5

It produces 100 units

$5 × 100= $500

Therefore, option b is the answer $500.

Learn more about total cost here brainly.com/question/25369053

#SPJ4

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