Using the Diagram Below, Which of the Following Would Be

question 31

Multiple Choice

Using the diagram below, which of the following would be a likely mathematical expression for Total Cost? ​ ​

• A)Total Cost = Total Variable Cost × Fixed Cost
• B)Total Cost = Fixed Cost + Total Variable Cost
• C)Total Cost = Total Variable Cost + Total Revenue × Production Volume
• D)Total Cost = Fixed Cost + Total Variable Cost + Production Volume