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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
MCQ
Which one of the following is correct?
  • A
    $TC = TFC \times TVC$
  • B
    $TC = TFC \div TVC$
  • ✓
    $TC = TFC + TVC$
  • D
    $TC = TFC - TVC$
✓

Answer

Correct option: C.
$TC = TFC + TVC$
(c)

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