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Question 14

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

  • A.TC = FC - VC
  • B.FC = TC + VC
  • C.TC > FC + VC
  • D.TC = FC + VC
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2010
Question no.
#14
Type
Objective
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