Card 1 of 25
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)
Card 1 of 25
3.3.2 Costs Flashcards
25 flashcards on Edexcel A A Level Economics 3.3.2 Costs: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.