Total cost of production refers to the:

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6 years ago

Total cost of production refers to the:
A) sum of variable costs and fixed costs.
B) product of variable costs and fixed costs.
C) difference between variable costs and fixed costs.
D) ratio of variable costs to fixed costs.

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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