The Vertical difference TVC and TC is equal to-

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AVC

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TFC

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None of these

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Solution

The correct option is C TFC
$T C = T F C + T V C$
Thus, the difference between TVC and TC is equal to the amount of TFC.
The law of variable proportion explains the change in output when one factor is kept constant while the other factors are changed. Thus there should be at least one fixed factor while others may be variable.

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