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a firm's total cost of production is: a. margianl cost plus average cost b. variable cost plus fixed cost c. marginal cost plus variable cost d. none of the above
Weegy: to maximize profit to preserve the past make society more equal (More)
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Expert Answered
Updated 8/21/2014 2:59:13 PM
1 Answer/Comment
A firm’s total cost of production is: variable cost plus fixed cost.

Added 8/21/2014 2:59:13 PM
This answer has been added to the Weegy Knowledgebase
Total cost
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Not Answered
Updated 6/26/2015 1:20:41 PM
1 Answer/Comment
In economics and cost accounting, total cost (TC) describes the total economic cost of production and is made up of variable costs, which vary according to the quantity of a good produced and include inputs such as labor and raw materials, plus fixed costs, which are independent of the quantity of a good produced and include inputs (capital) that cannot be varied in the short term, such as buildings and machinery.
Added 6/26/2015 10:24:58 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by sujaysen [6/26/2015 1:20:42 PM]
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