what is total fixed cost?
<answer> It is the sum of all expenses that are constant that a company must pay. <context> Given the total cost and total variable costs, one can find the total fixed costs of a company. One can find total fixed cost by subtracting total variable cost from a company's total cost. Total fixed costs are the sum of all expenses that are constant that a company must pay. Unlike a fixed cost, which is just one expense, total fixed costs take into account all of the fixed costs a company may have. For example, suppose a company rents office space for $10,000 a month, machinery for $5,000 a month and pays $1,000 for electricity a month.