5businessesarerepresentedonthegraphshowingthefixedcostsofeachbusiness.Thevariablecostsofeachbusinessarelistedbelow:Business1=£54289Business2=£79320Business3=£78280Business4=£71063Business5=£59955Calculatethetotalcostsofbusiness3.Donotincludeanycommasinyouranswer.
Question
5businessesarerepresentedonthegraphshowingthefixedcostsofeachbusiness.Thevariablecostsofeachbusinessarelistedbelow:Business1=£54289Business2=£79320Business3=£78280Business4=£71063Business5=£59955Calculatethetotalcostsofbusiness3.Donotincludeanycommasinyouranswer.
Solution
The question seems to be asking for the total costs of business 3. However, only the variable costs are provided. In order to calculate the total costs, we would also need the fixed costs. The fixed costs are mentioned to be represented on a graph, but the graph is not provided here.
If we had the fixed costs, we could calculate the total costs by adding the fixed costs and variable costs together. For example, if the fixed costs for business 3 were £20000, the total costs would be calculated as follows:
Fixed costs (£20000) + Variable costs (£78280) = Total costs (£98280)
Without the fixed costs, it's not possible to calculate the total costs for business 3.
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