A firm's total cost (TC) equals the sum of its fixed cost plus its
A) marginal cost.
B) variable cost.
C) variable cost plus its marginal cost.
D) sunk cost plus its variable cost plus its marginal cost.

Name: A firm's total cost (TC) equals the sum of its fixed cost plus its A) marginal cost. B) variable cost. C) variable cost plus its marginal cost. D) sunk cost plus its variable cost plus its marginal cost.
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Question

Quizplus · Accepted Answer

Total cost (TC) = Fixed cost (FC) + Variable cost (VC)

A Firm's Total Cost (TC) Equals the Sum of Its