Which of the following statement is correct concerning the relationship among the firm's cost function:

CA Foundation · Business Economics · MTP · April 2025
Which of the following statement is correct concerning the relationship among the firm's cost function:
(A) A. TC = TVC-TFC
(B) B. TFC = TC- TVC
(C) C. TC = TFC - TVC
(D) D. TVC = TFC- TC

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. TFC = TC- TVC

Topics: Theory of Production and Cost

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic