what is the area under marginal cost called?
Answers
Answered by
2
Show graphically that area under MC curve is equal to total variable cost (TVC). ... This means that total variable cost (TVC) is the sum of marginal costs because total fixed costs remain the same in short period.
Answered by
1
hello..
Here is ur answer..
The area under marginal cost is called total variable cost ( TVC) as marginal cost curve corresponding to a given level of output.
hope it helps✌
Here is ur answer..
The area under marginal cost is called total variable cost ( TVC) as marginal cost curve corresponding to a given level of output.
hope it helps✌
Similar questions