(Solved): Total Cost (TC) equals: Average Marginal Cost (AMC) plus Average Fixed Cost (AFC) Total Marginal Co ...

Total Cost (TC) equals: Average Marginal Cost (AMC) plus Average Fixed Cost (AFC) Total Marginal Cost (TMC) plus Total Explicit Cost (TEC) Total Variable Cost (TVC) plus Total Fixed Cost (TFC) Total Variable Cost (TVC) plus Marginal Cost (MC) Average Fixed Cost (AFC): is indeterminate as a firm increases its production in the short run. increases as a firm increases its production in the short run, remains constant as a firm increases its production in the short run. decreases as a firm increases its production in the short run.