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cost relationships

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Which of the following cost relationships is not true?

a. AFC = AC - MC

b. TVC = TC - TFC

c. the change in TVC/the change in Q = MC

d. the change in TC/ the change in Q = MC

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Solution Preview

Which of the following cost relationships is not true?

a. AFC = AC - MC

*** Remember, ...

Solution Summary

The cost relationships are studied.

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