Question

Machines rent for $2000 each per day workers earn $200 per day all data pertains to daily output the total variable cost of producing 250 units or "j" is $_______ .

Answer 1

To determine the total variable cost for producing 250 units, the number of workers and machines used in a day need to be known. After obtaining that information, multiply the number of workers by their daily wage, add the product to the number of machines multiplied by their daily rental cost to find the total.

Step-by-step explanation:

The total variable cost of producing 250 units can be calculated by summing the cost of labor and the cost of machines. Given that machines rent for $2000 each per day and workers earn $200 per day, we can find the total variable cost as follows:

Calculate the cost of labor: 250 units x $200 per day = $<<250*200=50000>>50000

Calculate the cost of machines: 250 units x $2000 per day = $<<250*2000=500000>>500000

Sum the cost of labor and the cost of machines: $50000 + $500000 = $<<50000+500000=550000>>550000

Therefore, the total variable cost of producing 250 units is $550,000.