Home » Economics » BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC)…BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC)… BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation? A. VC =TC + FC B. VC = TC – FC C. VC = TC/FC D. VC = (TC)(FC) Correct Answer: Option B Explanation Related Posts The European Union was formed to Tariff on imports are meant to? Which of the following statements is true about terms of trade? An imperfectly competitive market is one where? If price of a commodity rises from N2.00 to N4.00 and its supply increases from… The Gross Domestic Product is defined as the total value of?
