If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which of the following is correct? - SchoolNGR

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If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which ...

If TC, FC and VC represent total cost, fixed cost and variable cost respectively, which of the following is correct?

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A TC = FC - VC
B FC = TC + VC
C TC > FC + VC
D TC = FC + VC

Correct Answer: Option D

Explanation:

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