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AP Microeconomics
Unit 3 โ Production, Cost, and the Perfect Competition Model
Topic 3.2
Unit 3 โ Production, Cost, and the Perfect Competition Model
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3.2 Short-Run Production Costs
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mixed difficulty
What does the distance between the total cost (TC) line and the variable cost (VC) line represent?
Average variable costs (AVC)
Marginal costs
Fixed costs
Average fixed costs (AFC)
Study guides (1)
AP Microeconomics - 3.2 Short-Run Production Costs
Key terms
Total Cost (TC)
Variable Cost (VC)
Glossary
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