ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The sum of fixed and variable costs
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Fixed Costs
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Variable Costs
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Total Costs
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Marginal Costs
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Explanation:
Detailed explanation-1: -Total cost (TC) is the sum of total fixed cost and total variable fixed cost. So, the TC curve is the vertical summation of TFC and TVC curves.
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