G10 Average Costs

• Business Studies
• Secondary Education

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Calculate the total cost:
Fixed cost-55,000 Dirhams
Variable cost-65,000 Dirhams

1. 0.84615
2. 1.18181
3. 120,000
4. 3,575000

Profit is made when the total costs of production are less than the total revenue.

1. true
2. false

Elegance Abaya Factory in Ajman produced 1,000 abayas last month and had a total cost of Dh64,000.

1. 0.0156
2. 64
3. 640
4. 156

Al Ain Dairy company produced 5,000 bottle of milk last month and had a total cost of 25,000 Dirhams.

1. 0.25
2. 5
3. 15
4. 25

We can use the information to decide on the selling price of one abaya. 

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