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Answer to Question #99374 in Microeconomics for Sofia
Question #99374
Suppose the market of carpets is competitive. A typical firm producing carpets has the following total cost function.
Expert's answer
"C(x)=FC+V(x)"
where C is the total production cost of carpets
FC is the total fixed cost of carpets.
V is the variable cost of carpets.
x is the number of carpets poduced
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#340153 on Dec 2023
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