For growing 1000 kg. of rice a farmer hires a land for ₹ 5,000. He employs labourers on daily wages and pays them ₹ 31,500. He purchases raw materials for ₹ 3,000. Calculate total cost, variable cost and fixed cost and average cost for growing crops.

Question

Total Cost = 500+31500+30002. Fixed Cost = 50003. Variable Cost = 31500+3000 = 34500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;...

Accepted Answer

Total Cost = 500+31500+30002. Fixed Cost = 50003. Variable Cost = 31500+3000 = 34500&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;...