Economics 1 Discuss

if AC = Average Cost of production , TC = Total Cost of production, VC...

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Question 23
A

AC = TC; TC = VC + FC

B

AC = (TC) Q; TC = VC + FC

C

AC = TC; TC = (VC)(FC) Q

D

AC = TC- FC; VC = TC- AC

Explanation

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Correct option: A

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