Cost relationships problem
Problem: Which of the following cost relationships is not true?a. AFC = AC - MCb. TVC = TC - TFCc. the change in TVC/the change in Q = MCd. the change in TC/ the change in Q = MC
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Problem: 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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