Which Equation Is Used by a Manager When Considering Total

question 112

Multiple Choice

Which equation is used by a manager when considering total cost?

• A) total costs (TC) = consumption (C) + investment (I) + government (G)
• B) total costs (TC) = average fixed costs (AFC) + number of workers
• C) total costs (TC) = average total costs (ATC)
• D) total costs (TC) = total fixed costs (TFC) + total variable costs (TVC)

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