What must be added to variable cost to give total cost?

  • A average total cost
  • B average variable cost
  • C fixed cost
  • D marginal cost
waec 2007economics

The correct answer is C. fixed cost

What must be added to the variable cost to give the total cost is the fixed cost.

Total cost in economics is the sum of the fixed costs and the variable costs.

Fixed costs are costs that do not change with the level of output, such as rent or salaries, while variable costs change with the level of output, such as raw materials or direct labour costs.

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