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

By: |Published on: Nov 10|Categories: Economics WAEC| 0 comments

A. TC = FC – VC
B. FC = TC + VC
C. TC > FC + VC
D. TC = FC + VC

Correct Answer: Option D

D. TC = FC + VC

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