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As mentioned earlier, the firm's total output is 300,030. Fixed cost only includes the amount for the employees to work at the firm; due to lack of information I was not able to proceed with proper totals. In order to configure the total amount for the fixed cost, I would need to know the daily/monthly/yearly cost for the building, equipment, shipping and etc.
Variable costs "is the cost that varies as the firm changes its output." (2006, O'Sullivan)
Variable cost only includes labor, do to lack of information. Variable cost are all cost that deal directly to the production level.
Total Cost is the amount of all levels of output...
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