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Q. The production department of a firm reported the following information for the month of May 2005.

Rs.
Wage Bill 20,000
Value of raw materials 60,000
Interest 6,000
Fuel Consumption 10,000
Rent 4,000
Units of output produced 2,000

Calculate
(i) Average cost
(ii) Average variable cost
(iii) What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9723099

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