Economy, asked by rahul1234512, 11 months ago

illustrate the relation between marginal cost , average total cost average variable cost and average fixed cost curves

Answers

Answered by Anonymous

Explanation:

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 in total cost between two levels of output and dividing by the change in output. The marginal cost curve is upward-sloping.

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