Which of the following is correct?
A) TC = TFC + TVC
B) TC = TFC - TVC
C) TC = TFC * TVC
D) TC = TFC / TVC

Name: Which of the following is correct? A) TC = TFC + TVC B) TC = TFC - TVC C) TC = TFC * TVC D) TC = TFC / TVC
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

TC (Total Cost) is the sum of TFC (Total Fixed Cost) and TVC (Total Variable Cost). This can be expressed as TC = TFC + TVC.

Which of the Following Is Correct