Question: What is total variable cost? Select one: a.The total of all costs that vary with the level of output. b.Those costs that do not vary

What is total variable cost?

Select one:

a.The total of all costs that vary with the level of output.

b.Those costs that do not vary with the level of output.

c.The sum of both total fixed cost and marginal cost.

d.The increase in total variable cost as a result of producing one more unit of output.

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