Total cost minus total variable cost equals:

Name: Total cost minus total variable cost equals:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total fixed cost is the portion of total cost that does not vary with the level of production, meaning it remains constant no matter how much or how little is produced. Therefore, subtracting total variable cost (which varies with the level of production) from total cost gives us the total fixed cost.

Total Cost Minus Total Variable Cost Equals