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Mahima asked in Social ScienceEconomics · 7 years ago

how to calculate TFC in economics terms?

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  • 7 years ago
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    TFC means Total Fixed Cost.TFC remains same in every level of output and doesn't change.To Calculate TFC use the following formulas-

    TFC= TC-TVC

    TFC= AFC x Q

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  • 7 years ago

    TC = TVC + TFC

    TFC = TC - TVC

    VC = wages * no. of laborers employed as per

    FC are usually the cost of fixed input of capital employed

    Source(s): mind
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