Question

what is the relationship between tvc, tfc and tc.explain with schedule and diagram​

Answer 1

Answer:

• Since the TFC curve is horizontal, the difference between the TC and TVC curve is the same at each level of output and equals TFC. This is explained as follows: TC – TVC = TFC. The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped.

Explanation:

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