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In one or two lines each, explain various kinds of costs that we have discussed in the class: (a) fixed cost , (b) variable cost

In one or two lines each, explain various kinds of costs that we have discussed in the class: (a)fixed cost, (b)variable cost, (c)total cost, (d)average total cost,(e)marginal cost, (f)direct cost,(g)indirect cost,(h)opportunity cost.

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