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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.2
Unit 3 – Production, Cost, and the Perfect Competition Model
3.2 Short-Run Production Costs
mixed difficulty
What is the equation for total cost (TC)?
TC = MC + ATC
TC = TR - Profit
TC = AFC + AVC
TC = FC + VC
Study guides (1)
AP Microeconomics - 3.2 Short-Run Production Costs
Key terms
Total Cost (TC)
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Glossary
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