BY definition, variable cost (VC) is related to total costs (TC) and fixed costs (FC) by the equation? - SchoolNGR

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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?

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

A VC =TC + FC
B VC = TC - FC
C VC = TC/FC
D VC = (TC)(FC)

Correct Answer: Option B

Explanation:

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