BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC)…

Economics JAMB 1992

BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation?

  • VC =TC + FC
  • VC = TC - FC checkmark
  • VC = TC/FC
  • VC = (TC)(FC)

The correct answer is: B

Explanation

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