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Which of the following best describes total fixed cost?

a. The change in total cost when one additional unit of output is produced

b. Total cost divide by the quantity of output produced

c. Total variable cost divided by the quantity of output produced

d. Total cost divided by the quantity of output produced

e. Costs that do not vary as output varies

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Anne Gillian Duero
Anne Gillian DueroLv10
2 Nov 2020

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