Why is Total Variable Cost curve inverse S- shaped?
Answers
Answered by
2
hey!!
______
☆Answer:-☆
☆`````````````````☆
- Total Variable Cost is zero at zero level of output. It initially increases at decreasing rate and later it increases at increasing rate. TVC is an inversely S-shaped curve due to the Law of Variable Proportion.
☆☆☆☆☆☆••○•☆☆☆☆☆☆☆☆○○•
☆hope help u!!☆
Answered by
0
TVC is the total variable cost curve. It slopes upward left to right, as inverse S-shaped. This slope of TVC curve shows that the total variable cost increases initially at a decreasing rate as the total output increases and subsequently it increases at an increasing rate with the increase in the output.
Similar questions