Answer to Question #54016 in Macroeconomics for Jasper Dant

Question #54016
How do I get the Total Cost, Total Variable Cost given the Price, Quantity Demanded, Total Revenue?
1
Expert's answer
2015-08-13T00:00:43-0400
Total Cost (TC) and Total Variable Cost (VC) can't be calculated given the Price (P), Quantity Demanded (Q), Total Revenue (TR), because TC = VC + FC and TR = P*Q, so these variables are not connected.

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