A Great Circle Is

question 73

Multiple Choice

A great circle is

• A)any parallel of latitude.
• B)the longest distance between two places on the surface of Earth.
• C)a circle of circumference whose center coincides with the center of Earth.
• D)a correct magnetic compass direction on a flat map.
• E)the same as a rhumb line.

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Definitions:

TVC

Total Variable Costs, which are the sum of expenses that vary directly with the level of production or business activity.

TFC

Total Fixed Costs, which are the sum of all costs that remain constant regardless of the level of production or output.

TC

In economics, often stands for Total Cost, which is the complete cost of production including both variable and fixed costs.

Total Variable Costs

Total Variable Costs are the cumulative expenses that change in proportion to the level of goods or services produced, including costs such as raw materials and labor.