Why tvc curve and tc curve are parallel to each other?
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TC and TVC curves are parallel to each other and the vertical distance between them remains the same at all levels of output because the gap between them represents TFC which remains constant at all levels of output.
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TC and TVC curves are parallel to each other and the vertical distance between them remains the same at all levels of output because the gap between them represents TFC which remains constant atall levels of output
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