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What is the formula of total …

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What is the formula of total variable cost and total fixed cost ?

    • Posted by Ashutosh Goyal 7 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Devanshu Khokhar 7 years, 5 months ago

    1.) Total variable cost = total cost - total fixed cost 2.) total variable cost = average variable cost x output 3.) TFC = TC - TVC 4.) TFC = AFC x output

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