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Which of the following is irrelevant for rational decision making?

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Question:

Which of the following is irrelevant for rational decision making?

A.

Total variable cost (TVC)

B.

Explicit cost.

C.

Average fixed cost (AFC).

D.

Marginal cost (MC).

Answer» a. Total variable cost (TVC)

Note: The above multiple-choice question is for all general and Competitive Exams in India.