Cost Relationships The following costs are for Optical View Inc., a contact lens manufacturer:
Output in Units | Fixed Costs | Variable Costs | Total Costs |
250 | $4,750 | $ 7,500 | $12,250 |
300 | 4,750 | 9,000 | 13,750 |
350 | 4,750 | 10,500 | 15,250 |
400 | 4,750 | 12,000 | 16,750 |
Required
1. Graph total cost, total variable cost, and total fixed cost.
2. Graph the per-unit total cost, per-unit variable cost, and per-unit fixed cost.
3. Discuss the behavior of the fixed, variable, and total cost.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.