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The variable cost is a component of total cost; another is ________. I. Marginal cost II. Fixed cost III. Average cost
Question

The variable cost is a component of total cost; another is ________.
I. Marginal cost
II. Fixed cost
III. Average cost

A.

only I

B.

Only II

C.

Only III

D.

All I, II, And III

Correct option is B


The variable cost is a component of total cost, another is fixed cost

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