The algebraic equation of a cost function is represented as: TC = F + V*Q

Name: The algebraic equation of a cost function is represented as: TC = F + V*Q
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In this equation, TC represents the total cost, F represents fixed costs, V represents variable cost per unit, and Q represents the quantity of units produced. This equation is a basic representation of how total costs are calculated in economics and business, combining both fixed and variable costs.

The Algebraic Equation of a Cost Function Is Represented As