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Which of the Following Statements Is CORRECT

Question 424

Multiple Choice

Which of the following statements is CORRECT?


A) As output increases, total cost and total fixed cost increase by the same amount.
B) As output increases, total cost and total fixed cost increase but not necessarily by the same amount.
C) As output increases, total cost increases and total fixed cost decreases.
D) Total fixed cost plus total variable cost equals total cost.

Correct Answer:

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