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(Solved): If: TFC = Total Fixed Cost, MC = Marginal Cost, TVC = Total Variable Cost,
Q = Quantity of Out ...
If: TFC = Total Fixed Cost, MC = Marginal Cost, TVC = Total Variable Cost,
Q = Quantity of Output, P = Product Price, the total cost is.
Question 16 options:
the change in marginal cost
TVC - TFC
TFC + TVC
TFC + (TVC/Q)