At any given level of output, the total cost of a firm equals the?
ECONOMICS
JAMB 1991
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
Correct Answer: C. average cost multiplied by variable costs
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