Given that the total costs equal the fixed costs plus the total variable costs, this equation can now be extended as:
A) SP / Q = FC + TVC.
B) Q × (SP − VC) = FC + TVC.
C) SP × Q = FC + TVC.
D) SP / Q = TC.
E) SP × Q = TC - FC.

Question

Quizplus · Accepted Answer

The equation for total costs is TC = FC + TVC. By rearranging this equation, we can get SP × Q = FC + TVC, which is the same as choice C.

Given That the Total Costs Equal the Fixed Costs Plus