A firm produces 100 . units per week. It hires 10 full-time workers (40 hours/week) at an hourly wage of $20 . Raw materials are ordered weekly and they costs $5 for every unit produced. The weekly cost of the rent payment for the factory is $1,500 . How do the overall costs breakdown for the week?
a. total variable cost is $5,000 . total fixed cost is $1,500 . total cost is $6,500
b. total variable cost is $5,000 . total fixed cost is $9,500 . total cost is $14,500
c. total variable cost is $13,000 . total fixed cost is $1,500 . total cost is $14,500
d. total variable cost is $13,000 . total fixed cost is $9,500 . total cost is $22,500
c
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