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miss Akunina [59]
3 years ago
13

Tc = fixed cost + variable cost

Mathematics
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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Answer:

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Read 2 more answers
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