Question: What is total variable cost? Select one: O a. The increase in total variable cost as a result of producing one more unit of O

What is total variable cost? Select one: O a. The increase in total variable cost as a result of producing one more unit of O b. The sum of both total fixed cost and marginal cost. O c. The total of all costs that vary with the level of output. O d. Those costs that do not vary with the level of nutnut

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