The Sum of Fixed Cost and Variable Cost at Any

question 139

Multiple Choice

The sum of fixed cost and variable cost at any rate of output is equal to:

• A) Average total cost.
• B) Total profit.
• C) Total cost.
• D) Marginal cost.

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Definitions:

Slither

A movement type characterized by sliding or gliding smoothly over a surface, commonly associated with snakes.

Creep

The slow, continuous, gradual movement of soil, earth, or rock down a slope due to gravity.

Elevate

To elevate means to raise something to a higher position or level, physically or metaphorically.

Friction

A force that opposes the movement of two surfaces that are in contact with each other.