(a) Total variable cost = Rs 1400 × 1000 = Rs 1400,000 (b) Total cost = FC + VC = Rs 600,000 + Rs 1400,000 = Rs 2000,000 3 ▶ Plot fixed cost, variable cost and total cost on a graph. (Use a range of output of 0 to 1000 units.) 4...
Also, the information needed to plot the maps may be expensive to obtain, needing the use of primary market research. The map in Figure 4 may be based on one person's perception. A business would be unwise to draw conclusions from such a li...