Utme 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Utme Economics examination. This question covers Economics .

Utme 2020 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 7 UTME • 2020 • ECONOMICS • objective

By definition, variable cost (VC) is related to total cost (TC) and fixed cost (FC) by the equation

Answer Options

Correct Answer A. VC=TC+FC
B. VC=TC-FC
C. VC=TC-FC
D. VC=(TC) (FC)
Correct Answer
A
Correct Option:
VC=TC+FC

About This Question

This is Utme 2020 Economics Question 7. It is one of the objective questions from the 2020 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2020 Economics Questions More Utme Practice Questions Back to Questions

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