Total cost can be divided into two types.What are those two types
A)fixed costs and variable costs
B)fixed costs and marginal costs
C)variable costs and marginal costs
D)average costs and marginal costs

Question

Quizplus · Accepted Answer

Total cost can be divided into fixed costs and variable costs. Fixed costs are expenses that do not vary with the level of output, while variable costs are expenses that do vary with the level of output.

Total Cost Can Be Divided into Two Types