If AC = Average Cost of production,
TC = Total ...
If AC = Average Cost of production,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then…
AC = TC: TC = VC + FC
AC = (TC) Q: TC = VC + FC
AC = TC: TC = (VC) (FC) Q
AC = TC - FC: VC = TC - AC
AC = TC: TC = VC + AC Q
Correct answer is A
No explanation has been provided for this answer.
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