Question

class 11

Explain the behaviour of TVC as output increase ? ​

Answer 1

Answer:

what is the behaviour of total variable cost as output increases? The total variable cost is the cost that varies with the change in the level of output and hence it increases as output increases and decreases as output decreases.

Answer 2

Explanation:

As the output produced increases,TVC i.e., total variable cost rises initially at a decreasing rate and then at an increasing rate.As tvc curve is an inverse S-shaped curve.