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

Users Also Read These:

SEE ALSO  A person who buys in bulk and sells in bit is a?

Copyright warnings! Do not copy.