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7.5.2 short-run cost function

What two components make up total cost?

A

Total cost is total fixed cost plus total revenue.

B

Total cost is total fixed cost minus total variable cost.

C

Total cost is total fixed cost plus total variable cost.

D

Total cost is total variable cost plus total profit.

7.5.2 short-run cost function Flashcards

  1. Intl A Level
  2. /Economics
  3. /7.5.2 short-run cost function

21 flashcards on CIE Intl A Level Economics 7.5.2 short-run cost function: the key terms and definitions you need to recall.