Economy, asked by mehakgarg2394, 5 months ago

explain the behaviour of different cost in short run​

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Answered by Anonymous
4

Answer:

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The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped. Thus, the TC curve is the same shape as TVC but begins from the point of TFC rather than the origin. The law that explains the shape of TVC and subsequently TC is called the law of variable proportions.

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