BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation? by Sunday | Aug 7 | 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:The cost incurred by using both fixed and variable…The costs of acquiring fixed assets and bringing…A fixed cost is fixed only in relation to?In the theory of production and cost, the average…Total variable costs incurred during the week are?