Let the TC curve be given by the equation TC(Q) = 6Q. The FC curve can be expressed as

Name: Let the TC curve be given by the equation TC(Q) = 6Q. The FC curve can be expressed as
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Quizplus · Accepted Answer

The FC (Fixed Costs) curve represents costs that do not change with the level of output. Since the given TC (Total Cost) curve TC(Q) = 6Q implies that total costs increase linearly with quantity Q and there is no constant term in the equation, it indicates that there are no fixed costs, hence the fixed costs are 0.

Let the TC Curve Be Given by the Equation TC(Q)