At any given level of output, the total cost of a firm equals the?
Question
At any given level of output, the total cost of a firm equals the?Options
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
Related Lesson: Key Concepts and Summary | Cost and Industry Structure
The correct answer is C.
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