At any given rate of output,the difference between total cost and fixed cost is
A)Marginal cost.
B)Average variable cost.
C)Zero in the short run.
D)Variable cost.

Question

Quizplus · Accepted Answer

At any given rate of output, the difference between total cost and fixed cost is known as variable cost. Therefore, option D is the correct choice. Options A, B, and C are incorrect as they do not accurately describe the relationship between total cost and fixed cost at a given rate of output.

At Any Given Rate of Output,the Difference Between Total Cost