passpadi

2010

Economics

WAEC

If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which of the following is correct?

A.

TC = FC-VC

B.

FC = TC + VC

C.

TC > FC + VC

D.

TC = FC + VC

Correct Answer: TC = FC + VC

Explanation

This Question has no answer detail yet, Add one
passpadi
©2023 Passpadi. All rights reserved.