Question

Why total cost curve have s shap?

Answer 1

The shape of the average product curve leads to a U-shaped AVC curve. Thus the AVC curve is U-shaped because of the Law of VariableProportions which states that if all inputs cannot be increased proportionately output will follow the Law of Non-proportional Returns.

Answer 2

Answer:

Ddhjhgddfhhjkkgfdsaafjl