# Based on the table above, what is the total fixed cost for this firm? A) $30 B)$20 C) $50 D)$40

## Question:

 Output Total Cost 0 $40 10$60 20 $90 30$130 40 $180 50$240

Based on the table above, what is the total fixed cost for this firm?

A) $30 B)$20

C) $50 D)$40

## Variable and Fixed Costs:

Variable costs are costs that are directly related with how much output is produced. Fixed costs, on the other hand, are costs that are the same regardless of how much output is produced.