A cost of production that is positively related to output...
A cost of production that is positively related to output is the
Total fixed cost
Average fixed cost
Variable cost
Social cost
Correct answer is C
Variable cost has a positive relationship with output in such a way that if a firm produces more output, the variable cost will be greater, and if a firm produces no output, then the variable cost will be zero. The variable cost depends on the level of output.
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