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

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

Explanation

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