Total variable cost can be calculated by ______.

Question

KollegeApply · Accepted Answer

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 $\times$ Q Average Variable Cost $\times$ Quantity of output gives Total Variable Cost.

AChoose Your Answer