Question

how are of average fixed cost average variable cost and average cost of the firm related ​

Answer 1

The average variable cost curve lies below the average total cost curve and is typically U-shaped or upward-sloping. Marginal cost(MC) is calculated by taking the change intotal cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping

Answer 2

Hello!!

As we know that average cost is the sum total of total fixed cost and total variable cost.

TC= TFC + TVc.