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24 July, 04:59

Total variable costs Group of answer choices initially increase as output increases and then decrease. always decrease with output. always increase with output. initially decrease and then increase with output.

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  1. 24 July, 06:00
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    Always increases with output.

    Explanation:

    Total variable cost refers to the cost of producing the output and it changes with any change in the level of output. If the production volume of a particular firm increases then as a result the total variable cost also increases and if the production volume decreases then the total variable cost also decreases. It is a part of total cost.

    Total cost = Total fixed cost + Total variable cost

    Total variable cost is determined by multiplying the number of units produced with the variable cost per unit.
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