In economics, total cost is made up of variable costs + fixed costs. Variable costs (VC) are costs that change based on how many goods you produce or how much of a service you use. Fixed costs (FC) are costs that don't change from month to month and don't vary based on activities or the number of goods used.The formula to calculate total cost is the following: TC (total cost) = TFC (total fixed cost) + TVC (total variable cost). To unlock this lesson you must be a Study.com Member.he formula to calculate total cost is the following: TC (total cost) = TFC (total fixed cost) + TVC (total variable cost). To unlock this lesson you must be a Study.com Member.
The definition of microcredit that was adopted there was: Microcredit programmes extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families. Definitions deffer, of course, from country to country.
Reddit is a source for what's new and popular on the Internet. Reddit is made up of many individual communities, also known as subreddits. Each community has its own page, subject matter, users and moderators. Users post stories, links, and media to these communities, and other users vote and comment on the posts.