Post Utme Coal City University 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A firm's cost of production is the sum of the fixed costs and the variable costs. What is the formula for the cost of production?

Answer Options

Correct Answer A. TC = FC + VC
B. TC = FC - VC
C. TC = FC x VC
D. TC = FC / VC
Correct Answer
A
Correct Option:
TC = FC + VC

About This Question

This is Post Utme Coal City University 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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