If the firm's total costs are INR 2,200,000 and total variable costs are INR 1,300,000, what are the total fixed costs?

CA Foundation · Business Economics · MTP · June 2024
If the firm's total costs are INR 2,200,000 and total variable costs are INR 1,300,000, what are the total fixed costs?
(A) A. 900,000
(B) B. 1,200,000
(C) C. 4,500,000
(D) D. None of the above.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. 900,000

Topics: Theory of Production and Cost

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