If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which…

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Economics WAEC 2010

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

  • TC = FC - VC
  • FC = TC + VC
  • TC > FC + VC
  • TC = FC + VC checkmark

The correct answer is: D

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