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A month ago



In Figure 8.4, the difference between total costs and variable cost is:

▸ fixed cost.

▸ average total cost.

▸ total costs are positive when output is zero implying fixed costs.

▸ all of the above.
Textbook 

Survey of Economics: Principles, Applications and Tools

Edition: 6th
Authors:
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A month ago
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fixed cost.
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