The sum of fixed and variable costs is:
A) total cost.
B) marginal cost.
C) variable cost.
D) average cost.

Name: The sum of fixed and variable costs is: A) total cost. B) marginal cost. C) variable cost. D) average cost.
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Question

Quizplus · Accepted Answer

Fixed and variable costs together make up the total cost of producing goods or providing services. Therefore, the sum of fixed and variable costs is equal to the total cost.

The Sum of Fixed and Variable Costs Is