What is the general shape of MC curve
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Hey mate ✌️✌️
MC is U -shaped with the law of variable proportion . Initially,MC is falling .It is because
MP tends to rise when there are increasing return to a factor . Subsequent,MC thanks to the rise .It is because MP tends to fall when there are diminishing return to a factor .
✨ Hope this helps you ✨
MC is U -shaped with the law of variable proportion . Initially,MC is falling .It is because
MP tends to rise when there are increasing return to a factor . Subsequent,MC thanks to the rise .It is because MP tends to fall when there are diminishing return to a factor .
✨ Hope this helps you ✨
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