Question

why total costs curve has this shape?

Answer 1

The total cost per unit decreases with increase in the quantity of production

Explanation:

• the total cost curve represents the total increasing marginal returns which are present at small quantities off the output and at the larger quantities of the output there is decreasing marginal return.

• there is a relationship that is drawn between the quantity of production and the total cost per unit of the production. this is actually decreasing with increase in quantity of production.

To know more,

why is total variable cost curve inverse S- shaped? - Brainly.in

https://brainly.in/question/1905003