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Answer to Question #54016 in Macroeconomics for Jasper Dant
Question #54016
How do I get the Total Cost, Total Variable Cost given the Price, Quantity Demanded, Total Revenue?
Expert's answer
Total Cost (TC) and Total Variable Cost (VC) can't be calculated given the Price (P), Quantity Demanded (Q), Total Revenue (TR), because TC = VC + FC and TR = P*Q, so these variables are not connected.
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