when tc and output are given then what is the formula of tfc ?
Answers
Answered by
0
Explanation:
Total Cost (TC) is comprised of total fixed cost (TFC) and total variable cost (TVC). Marginal cost (MC) is the change in total cost as a result of a one unit change in output (Q). The average fixed cost (AFC) is total fixed cost (TFC) divided by output (Q). As output increases, the AFC will tend towards zero.
Answered by
0
Answer:
The formula to calculate total cost is the following: TC (total cost) = TFC(total fixed cost) + TVC (total variable cost)
Similar questions