Economy, asked by parulvats416, 1 year ago

Why does not afc and avc intersect eachother?

Answers

Answered by ruchipatasariya

Relationship between TFC, TVC, and TC. Total fixed cost (TFC) is represented by a straight line parallel to X-axis and it remains unchanged for all output levels in a time period. TVC-is zero, when output is zero. It increases as output increases.

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