Question

Total variable cost can be calculated by ______.

विकल्प

• TVC = ∑MC

• TVC = TC − TFC

• TVC = AVC × Q

• all of these

Answer 1

all of these

Explanation:

• TVC = ∑MC 
  The total of all marginal costs paid during the production of each extra unit is known as the total variable cost.
• TVC = TC − TFC
  Total Variable Cost is obtained by deducting Total Fixed Cost from Total Cost.
• TVC = AVC × Q
  Average Variable Cost × Quantity of output gives Total Variable Cost.