At any given level of output, the total cost of a firm equals the?

a

marginal cost plus the average cost

b

fixed costs less its varriable cost

c

average cost multiplied by variable costs

d

economic costs multiplied by variable costs

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Correct Option
c

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Discussions (3)

elijah sunday
11 years ago

the answers are wrong TC = FC+VC or TC = VC ×TQuantity

klickinstitute
3 years ago

No correct answer among the options.
Total cost = Fixed cost + Variable cost

or

Averiage cost x Quantity/Output

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