ECONOMICS

Detailed explanation-1: -Total fixed cost (TFC) is that cost which does not change with a change in the level of output. Total variable cost (TVC) is that cost which changes as the level of output changes. Total cost (TC) is the sum of total fixed cost and total variable fixed cost.

Detailed explanation-2: -equal to marginal cost Was this answer helpful?

Detailed explanation-3: -At 0 level of production, the total cost of production is equal to the total fixed cost. This is because at 0 level of production, the variable cost is 0.

Detailed explanation-4: -The change in the total cost is always equal to zero when there are no variable costs. The marginal cost of production measures the change in total cost with respect to a change in production levels, and fixed costs do not change with production levels.