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Define total fixed cost (TFC). - Economics

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प्रश्न

Define total fixed cost (TFC).

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उत्तर

Total fixed cost refers to the total cost incurred by a firm on the use of fixed factors. This cost is independent of output, i.e., it does not change with a change in the quantity of output produced.

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अध्याय 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४६६]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 100. (i) | पृष्ठ ४६६
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