Total cost is:
A) the sum of variable costs and fixed costs.
B) average variable cost times quantity.
C) the sum of average fixed cost and marginal cost.
D) the sum of fixed cost and average variable cost.

Name: Total cost is: A) the sum of variable costs and fixed costs. B) average variable cost times quantity. C) the sum of average fixed cost and marginal cost. D) the sum of fixed cost and average variable cost.
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Question

Quizplus · Accepted Answer

Total cost is calculated as the sum of variable costs and fixed costs.

Total Cost Is