which of the following is the correct way to calculate total cost?
ECONOMICS
WAEC 1993
which of the following is the correct way to calculate total cost?
- A. Addition of fixed cost to variable cost
- B. Division of total cost by total output
- C. Multiplication of fixed cost by the variable cost
- D. Subtraction of fixed cost from total cost
Correct Answer: A. Addition of fixed cost to variable cost
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