if AC = Average Cost of production , TC = Total Cost of production VC = Variable Cost of production FC = Fixed Cost of production Q = Quantity of goods produced Then, - SchoolNGR

Search SchoolNGR

if AC = Average Cost of production , TC = Total Cost of production VC = Variable Cost ...

if AC = Average Cost of production ,
TC = Total Cost of production
VC = Variable Cost of production
FC = Fixed Cost of production
Q = Quantity of goods produced
Then,

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A AC = TC; TC = VC + FC
B AC = (TC) Q: TC = VC + FC
C AC = TC; TC = (VC)(FC) Q
D AC = TC- FC: VC = TC- AC
E AC = TC ; TC = VC + AC Q

Correct Answer: Option A

Explanation:

Prev Current Next

Study Subjects

Stay Updated

Follow us on: