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miss Akunina [59]

3 years ago

13

Tc = fixed cost + variable cost

1 answer:

natima [27]3 years ago

4 0

Answer:

These correspond to two types of cost: fixed cost and variable cost. Fixed cost (FC): the cost of all fixed inputs in a production process. Another way of saying this: production costs that do not change with the quantity of output produced. Variable cost (VC): the cost of all variable inputs in a production process.

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