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:What must be added to variable cost to give total cost?Total variable costs incurred during the week are?A fixed cost is fixed only in relation to?Given that the total fixed cost is N1,000, total…The cost incurred by using both fixed and variable…