what will be the shape of the short run TVC curve
Answers
Answered by
91
Answer:
The TC curve is inverted-S shaped. This is because of the TVC curve. 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.
Explanation:
thanks
Answered by
0
Answer:
The TVC curve is an inverted S upward sloping curve. The main reason for the shape of the TVC curve is the operation of the law of variable proportion. As the total output increases, the TVC initially increases at a decreasing when the production is experiencing increasing returns.
Explanation:
Similar questions
Math,
2 months ago
Hindi,
2 months ago
English,
5 months ago
Hindi,
5 months ago
Computer Science,
11 months ago
Computer Science,
11 months ago
Computer Science,
11 months ago