Question: a. How much is total fixed cost (TFC)? (2 marks) b. Calculate total variable cost (TVC) if output is 100 units. (2 marks) C. Compute

a. How much is total fixed cost (TFC)? (2 marks) b. Calculate total variable cost (TVC) if output is 100 units. (2 marks) C. Compute total cost (TC) of producing 100 units of output. (2 marks) d. Calculate the average fixed cost (AFC) of producing 500 units of output. (2 marks) e. If the price of that product is RM25 per unit, calculate the total revenue if the firm sells 100 units of output for RM25 each. (2 marks) (Total: 10 marks)

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