Model Paper 4 — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsModel Paper 41 Mark
MCQ
Explain the relationship TC, TFC & TVC.
A
$\frac{T V C}{T F C}= TC$
B
$TVC \times TFC = TC$
C
TVC - TFC = TC
✓
TVC + TFC = TC
✓
Answer
Correct option: D.
TVC + TFC = TC
(d) TVC + TFC = TC Explanation: TC is the sum of total fixed cost and total variable cost at various levels of output. Since TFC remains same at all levels of output , the change in TC is entirely due to TVC. Therefore the vertical distance between TC and TFC curve is equal to TVC.
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