Economy, asked by bamsii, 1 year ago

Why is Total Variable Cost curve inverse S- shaped?​

Answers

Answered by RAthi21
2

hey!!

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Answer:-

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  • 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 Anonymous
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.

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