relation between TC and MC
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TC means total cost and MC means marginal cost
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here ur answers.
1.marginal cost is estimated as the difference between total cost of two successive units of output.
2.when mc is dimnidhing .tc increases at dimnishing rate.
3.when mc is rising ,tc increases at a dimnishing rate.
4.when MC reaches its lowest point then TC stop increasing at a decreasing rate .
hope this helps u.
1.marginal cost is estimated as the difference between total cost of two successive units of output.
2.when mc is dimnidhing .tc increases at dimnishing rate.
3.when mc is rising ,tc increases at a dimnishing rate.
4.when MC reaches its lowest point then TC stop increasing at a decreasing rate .
hope this helps u.
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