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Introducing Fixed, Variable, and Marginal Costs

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    Amah K.
    NG
    Amah K.

    Fixed cost is the cost that remains constant when the firm is in a short run period. Total cost is the overall cost incurred on a firm. Marginal cost is the change in total cost divided by change in output or quantity.

    Mohamed Huseein A.
    UG
    Mohamed Huseein A.

    Explain fixed cost

    Karam A.
    PL
    Karam A.

    Fixed cost is the cost that remains constant when the firm is in a short run period. Total cost is the overall cost incurred on a firm. Marginal cost is the change in total cost divided by change in output or quantity.

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