Which of the following statements is correct? Options: A . &nbspFixed costs vary with change in output B . &nbspIf we add total variable cost and total fixed cost we get the average cost C . &nbspMarginal cost is the result of total cost divided by number of units produced D . &nbspTotal cost is obtained by adding up the total fixed cost and the total variable cost

Which of the following statements is correct?

Question

Which of the following statements is correct?

Options:

A . Fixed costs vary with change in output

B . If we add total variable cost and total fixed cost we get the average cost

C . Marginal cost is the result of total cost divided by number of units produced

D . Total cost is obtained by adding up the total fixed cost and the total variable cost

Answer: Option D
:
D
TC = TFC + TVC

Was this answer helpful ?

Next Question

Question 1. Adil and Kratu are joining a master's program in management. Adil has freshly graduated out of college and has a jo....Rs 4 lakhs per year. Whose opportunity cost is more?

Question 2. The difference between average total cost and average variable cost:....

Question 3. The marginal cost of the sixth unit of output is : OutputTC0240133024103480454056106690....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024

CBT Mixed Test 1 Reasoning SAIL E0 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

Tabulation - Test Paper 5 Data Interpretation Reasoning & DI

Tabulation - Test Paper 4 Data Interpretation Reasoning & DI