Multiple Choice
Which of the following statements is correct?
A) Total fixed cost plus total variable cost equals total cost.
B) As output increases, total cost and total fixed cost increase by the same amount.
C) As output increases, total cost and total fixed cost increase but not necessarily by the same amount.
D) As output increases, total cost increases and total fixed cost decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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