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.
A micro-organism is an organism (any living thing) that is too small to be seen clearly with the naked eye. Bacteria, viruses and fungi are all microbes. Mitochondria : A rod-shaped organelle found in cells which turn nutrients into the energy necessary for the body to function.