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15 August, 13:52

1. What is total fixed cost, also known as?

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  1. 15 August, 16:24
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    TOTAL FIXED COST: Cost of production that does NOT change with changes in the quantity of output produced by a firm in the short run. Total fixed cost is one part of total cost ... At any and all levels of output, fixed cost is the same. It includes cost that is not dependent on, or is unrelated to, production.
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