15Production Productivity CostsMedium1 mark
The table shows the information that managers of a company have from a week of business activity.
| number of employees | 100 |
|---|---|
| average wage | $100 |
| value of output | $100 000 |
| rent | $10 000 |
| raw materials | $20 000 |
Assuming there are no other costs, what is the value of the fixed costs?