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Difference between tvc and tfc

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Difference between tvc and tfc

    • Posted by Saurabh Bhadana 7 years, 4 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Ishita Agarwal 7 years, 4 months ago

    Cost incurred with variable inputs is known as tvc whereas cost incurred with fixed inputs is known as tfc

    1Thank You

    Saurabh Bhadana 7 years, 4 months ago

    Tvc refers to those cost which vary with level of outputs Tfc refers to those cost which doesn't vary with level of outputs

    3Thank You

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