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

Similar Questions

In the diagram, the consumer budget line shift from JK to GH. What can definitely be deduced from th...

In the firm's production process, marginal cost ...

The advantage of sole proprietorship is as follow ...

The range of the data 14,13,15,18,20,35 and 13 is ...

In a perfectly competitive condition, a firm uses 10 units of labour at N25 and 11 units at N36, wha...

When the slope of the total utility curve is declining, the marginal utility of a consumer will be i...

When the demand for a commodity is inelastic, total revenue will fall if ...

The quantity demanded of a commodity is influenced only by changes in  ...

Upstream oil activities involve the ...

A certain amount of money is needed for everyday expenditure like buying of goods, transportation an...