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Match each cost term to its meaning

Exercise and reference answers

Matching pairs
  1. Left
    Fixed cost
    Right
    Cost of the inputs that cannot be varied
  2. Left
    Variable cost
    Right
    Cost of the inputs the firm can adjust
  3. Left
    Total cost
    Right
    Fixed cost and variable cost added together
Instructions
Tap a cost on the left, then tap what it means.

Explanation

_Source: syllabus Introductory Microeconomics Ch3 Production and Costs, 3.7 COSTS_
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