A total cost curve shows the relationship between the a. quantity of an input us

Question

A total cost curve shows the relationship between the a. quantity of an input used and the total cost ofproduction b.quantity of output produced and total cost ofproduction. c.total cost of production and profit d.total cost of production and total revenue A total cost curve shows the relationship between the a. quantity of an input used and the total cost ofproduction b.quantity of output produced and total cost ofproduction. c.total cost of production and profit d.total cost of production and total revenue

Explanation / Answer

b.quantity of output produced and total cost ofproduction.

Like most relations found in the study of economics, that betweentotal cost and the quantity of production can be represented by acurve. The total cost curve is presented for more info: http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=total+cost for more info: http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=total+cost

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