Q. Which of the following is irrelevant for rational decision making? (Solved)
1. Total variable cost (TVC)
2. Explicit cost.
3. Average fixed cost (AFC).
4. Marginal cost (MC).
- a. Total variable cost (TVC)
1. Total variable cost (TVC)
2. Explicit cost.
3. Average fixed cost (AFC).
4. Marginal cost (MC).