Question

what is TC, TVC, TFC, MC, AC, AVC Slope.​

Answer 1

Answer:

TC = TFC + TVC Definition - Total Cost - The total cost of producing any given level of output; it can be divided into total fixed cost and total variable cost. ... Definition - Total Fixed Cost - All costs of production that do not vary with the level of output.

Answer 2

Answer:

TC = TFC + TVC Definition - Total Cost - The total cost of producing any given level of output; it can be divided into total fixed cost and total variable cost. ... Definition - Total Fixed Cost - All costs of production that do not vary with the level of output.When MC becomes equal to AC and AVC, they become constant. MC curve cuts AC curve (at 'A') and AVC curve (at 'B') at their minimum points. 3. When MC is more than AC and AVC, both rises with increase in output.