Which of the following represents total variable costs?
A)v
B)vX
C)f + vX
D)f
E)None of the answer choices is correct.

Name: Which of the following represents total variable costs? A)v B)vX C)f + vX D)f E)None of the answer choices is correct.
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Question

Quizplus · Accepted Answer

Total variable costs are the costs that vary with the level of output. In the equation vX, v represents the variable cost per unit and X represents the level of output. Therefore, vX represents the total variable costs.

Which of the Following Represents Total Variable Costs