00:01
Hello students, we are given a question here.
00:02
Form x is producing 1 ,000 units and selling them at $15 each.
00:09
Variable cost are $3 per unit and the form is making an accounting profit of $3 ,000.
00:17
We are asked about firm's total cost.
00:20
So we are supposed to know that here.
00:22
Total costs can be written as total selling price.
00:29
Okay, students, total selling price minus profit.
00:37
Okay, students, now total selling price can be written as, here, total selling price can be written as number of units, number of units, okay, students, produce times per unit cost and already given as minus profit...