BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation? By: Sunday|Published on: Aug 7|Categories: Economics WAEC| 0 comments A. VC =TC + FC B. VC = TC – FC C. VC = TC/FC D. VC = (TC)/(FC) Correct Answer: Option B – VC = TC – FC Users Also Read These:If the fixed cost of a firm is 800.00 Naira and it's…Total variable costs incurred during the week are?Factory costs excluding prime cost is?A household refrigerator consumes electrical energy…The total costs of computers is?SEE ALSO In a public corporation, the risks of business are borne by the?