The accompanying table shows a boat manufacturer’s total cost of producing boats
ID: 3419779 • Letter: T
Question
The accompanying table shows a boat manufacturer’s total cost of producing boats.
Quantity of Boats
Total Cost
0
$ 450,000
1
$ 490,000
2
$ 510,000
3
$ 520,000
4
$ 540,000
5
$ 570,000
6
$ 610,000
7
$ 670,000
8
$ 750,000
9
$ 870,000
What is this manufacturer’s fixed cost?
Quantity of Boats
Total Cost
0
$ 450,000
1
$ 490,000
2
$ 510,000
3
$ 520,000
4
$ 540,000
5
$ 570,000
6
$ 610,000
7
$ 670,000
8
$ 750,000
9
$ 870,000
Explanation / Answer
Fixed cost is $450 as when zero quantity of boats are manufactured it cost him $450.
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