A firm's total cost in the short run is the sum of its fixed cost plus its variable cost plus its marginal cost.

Name: A firm's total cost in the short run is the sum of its fixed cost plus its variable cost plus its marginal cost.
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In the short run, a firm's total cost is the sum of its fixed cost and variable cost, not including marginal cost. Marginal cost is the cost of producing one additional unit of output.

A Firm's Total Cost in the Short Run Is the Sum