Question

Please Fast !!!!!!
Explain the relationship of TC TVC and MC ?

Answer 1

hope it will help you

Answer 2

_________HEY MATE______

RELATIONSHIP BETWEEN TOTAL COST AND MARGINAL COST-------------

>WHEN MC IS DIMNISHING,TC INCREASE AT A DIMNISHING RATE.

>WHEN MC IS RISING,TC INCREASES AT A INCREASING RATE.

>WHEN MC REACHES ITS LOWEST POINT,TC STOPS INCREASING AT A DECREASING RATE.

THE RELATION BETWEEN TVC AND MC WILL BE SAME AS BETWEEN TC AND MC, BECAUSE THE DIFFERENCE BETWEEN TC AND TVC IS CONSTANT.

HOPE THIS HELPS YOU ☺️