Question

TC = 500. TVC = 200. Calculate TFC.

Answer 1

To calculate Total Fixed Cost (TFC), we can use the formula:

TFC = TC - TVC

Given that TC (Total Cost) is 500 and TVC (Total Variable Cost) is 200, we can substitute these values into the formula:

TFC = 500 - 200
TFC = 300

Therefore, the Total Fixed Cost (TFC) is 300.

Answer 2

To calculate Total Fixed Cost (TFC), the formula TC = TVC + TFC is used. Given TC is 500 and TVC is 200, TFC is calculated as TFC = TC - TVC, which equals 300.

Step-by-step explanation:

To calculate the Total Fixed Cost (TFC), we need to use the relationship between the Total Cost (TC) and the Total Variable Cost (TVC). The formula is:

TC = TVC + TFC

Given that the Total Cost (TC) is 500 and the Total Variable Cost (TVC) is 200, we can rearrange the formula to solve for TFC:

TFC = TC - TVC

Substituting the given values into the equation, we get:

TFC = 500 - 200

TFC = 300

Therefore, the Total Fixed Cost (TFC) is 300.