Question

Why total variable cost make inverse s curve?​

Answer 1

Explanation:

TVC is the total variable cost curve. It slopes upward left to right, as inverse S-shaped. This slope of TVC curve shows that thetotal variable cost increases initially at a decreasing rate as thetotal output increases and subsequently it increases at an increasing rate with the increase in the output.

Answer 2

Answer:

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Explanation:

Answer. 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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