Question

The vertical difference between TVC and TC is equal to :
(a) MC
(b) AVC
(c) TFC
(d) None of these

Answer 1

Answer:

TFC is correct Answer dear.

please mark as a brilliant Answer.❤️

Answer 2

The vertical difference between TVC and TC is equal to TFC.

What is the relationship between TVC and TC?

• The variable factor of production cost is called Total Variable Cost (TVC) whereas total cost (TC) is the sum of fixed and variable cost

• When the output of TVC is zero then the value of TVC is zero and when the output of TC increases then the value of TC is also increased

• The figures of TC and TVC are inverse S shape

• The law of variable means the shape of Total Variable Cost and Total Cost