i have a question about TVC (Total variable cost) it says that it's formula is tfc = (vc/u) (u) im not sure though if this is right.. i just copied this from my classmate's notes but when i searched the internet it says
Total Variable Cost of Producing 4 units = Total Cost of Producing 4 Units – Total Cost of Producing 0 units.
i get confused.. the 1st formula i copied from my classmate is saying that i should divide and multiply while the one in the internet says substract?
Total Variable Cost of Producing 4 units = Total Cost of Producing 4 Units – Total Cost of Producing 0 units.
i get confused.. the 1st formula i copied from my classmate is saying that i should divide and multiply while the one in the internet says substract?