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2 January, 17:15

Which of these statements is false?

a. there are no fixed costs in the long run.

b. total costs are equal to total fixed costs plus total variable costs.

c. in the short run, all inputs are fixed inputs.

d. a fixed cost is a cost that does not change as output changes?

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  1. 2 January, 21:11
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    b. total costs are equal to total fixed costs plus total variable costs.
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