Advertisements
Advertisements
प्रश्न
Define or explain the following concept:
Total Cost
टीपा लिहा
Advertisements
उत्तर
Total cost refers to the sum of all the costs incurred in the production process by a firm, to carry out the production of goods and services. It is the aggregate of expenditure incurred on fixed factors as well as variable factors. Therefore, the total cost can be segmented into the following two parts namely - TFC (Total Fixed Cost) and TVC (Total variable Cost). That is,
TC = TFC + TVC
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
