what is total fixed cost
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Cost of production that does NOT change with changes in the quantity of output produced by a firm in the short run. Total fixed cost is one part of total cost. The other is total variable cost. ... Total fixed cost is the opportunity cost incurred in the short-run production that does not depend on the quantity of output.
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Cost of production that does NOT change with changes in the quantity of output produced by a firm in the short run. Total fixed cost is one part of total cost. The other is total variable cost. ... Total fixed cost is the opportunity cost incurred in the short-run production that does not depend on the quantity of output.
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