Difference between revisions of "Total Cost"
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| − | In business, Total Cost (TC) refers to the sum of both Fixed Costs (start-up) and Variable Costs (to cover day-to-day operations) for a firm. | + | In business, Total Cost (TC) refers to the sum of both [[Fixed Costs]] (start-up) and [[Variable Costs]] (to cover day-to-day operations) for a firm. |
[[Category: Economics]] | [[Category: Economics]] | ||
Revision as of 18:56, January 3, 2009
In business, Total Cost (TC) refers to the sum of both Fixed Costs (start-up) and Variable Costs (to cover day-to-day operations) for a firm.