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3.3.2 Costs

Costs that do not vary with short-run output are [     ]; costs that rise and fall with output are total variable costs (TVC).

A

marginal costs (MC)

B

total variable costs (TVC)

C

average fixed costs (AFC)

D

total fixed costs (TFC)

3.3.2 Costs Flashcards

  1. A Level
  2. /Economics
  3. /3.3.2 Costs

Flashcards for Edexcel A A Level Economics 3.3.2 Costs, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 25 cards, matched to the Edexcel A A Level Economics (9EC0) specification.