Cost analysis

The graph given represents?

It is the total economic cost of production.

• Economic Cost

• Fixed Cost

• Total cost

This is the change in total production that comes from making or producing one additional unit

• Marginal Cost

• Fixed Cost

• Variable cost

= Total Cost – Fixed Cost

• Variable cost

• Total cost

• Average cost

The fixed cost is a cost that does not change with an increase or decrease in output

• True

• False