Which of the following is incorrect formula?

CA Foundation · Business Economics · MTP · September 2024
Which of the following is incorrect formula?
(A) A. TC = AC × Q
(B) B. ΣMC = TC
(C) C. ΣMC = TVC
(D) D. ΣMC + TFC = TC

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ΣMC = TC

Topics: Theory of Production and Cost

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