QuestionAugust 1, 2025

Which of the following equations is correct? TC=FC+VC TC=FC-VC TC=MC-VC TC=FCtimes VC

Which of the following equations is correct? TC=FC+VC TC=FC-VC TC=MC-VC TC=FCtimes VC
Which of the following equations is correct?
TC=FC+VC
TC=FC-VC
TC=MC-VC
TC=FCtimes VC

Solution
4.6(164 votes)

Answer

TC=FC+VC Explanation 1. Identify the correct formula for Total Cost Total Cost (TC) is the sum of Fixed Cost (FC) and Variable Cost (VC). The correct formula is **TC = FC + VC**.

Explanation

1. Identify the correct formula for Total Cost<br /> Total Cost (TC) is the sum of Fixed Cost (FC) and Variable Cost (VC). The correct formula is **$TC = FC + VC$**.
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