Total Cost Can Be Defined As

question 11

Multiple Choice

Total cost can be defined as:

• A)the amount that a firm spends on all inputs that go into producing a good or service.
• B)the amount that a firm receives from the sale of goods and services.
• C)the amount that an individual spends on all normal goods and services within a specified period of time.
• D)None of these is correct.

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