AC is the summation of AFC and AVC. Give reason
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AC is the vertical summation of AFC and AVC because the behaviour of AC depends upon AFC and AVC. 1. MC is the slope of either TVC or TC curve at a given point. ... AC/AVC is the slope of a line from origin to the corresponding point on the TC/TVC curve.
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AC is the summation of AFC and AVC. Give reason??
AC is the vertical summation of AFC and AVC because the behaviour of AC depends upon AFC and AVC. ... AC/AVC is the slope of a line from origin to the corresponding point on the TC/TVC
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