Question 30 Output Total Fixed Cost Total Variatle Cost 12 12 2. 12 12 14 12 21 12 31 44 12 6. How much is the firm's total cost at 6 units of output? O A. 12 O B. 44 OC. 56 O D. None of the above.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.