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The quiz on Chapter 13 is comprised of 25 multiple choice questions. Before los into the quiz, please be sure to have paper, pencil and

The quiz on Chapter 13 is comprised of 25 multiple choice questions. Before los into the quiz, please be sure to have paper, pencil and calculator handy.

Question 2 (1 point)

4) Listen

Total cost is the

market value of the inputs a firm uses in production. amount a firm receives for the sale of its output.

quantity of output minus the quantity of inputs used to make a good. fixed cost less variable cost.

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