Question

TC = 300. TFC = 200. Calculate TVC.

Answer 1

Total Variable Cost (TVC) is calculated by subtracting Total Fixed Cost (TFC) from Total Cost (TC). Given TC as $300 and TFC as $200, the TVC is $100.

Step-by-step explanation:

The question involves calculating the Total Variable Cost (TVC) given the Total Cost (TC) and Total Fixed Cost (TFC). In business and economics, TC is the sum of TFC and TVC. Therefore, the formula to find TVC is TVC = TC - TFC.

From the information given in the question:

• TC = $300
• TFC = $200

We can calculate the TVC by subtracting TFC from TC:

TVC = $300 - $200 = $100

So, the Total Variable Cost (TVC) is $100.