Answer to Question #54016 in Macroeconomics for Jasper Dant

Question

How do I get the Total Cost, Total Variable Cost given the Price, Quantity Demanded, Total Revenue?

Answer 1

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.