what is the relation among tc tvc &tfc
Answer (1)
15th Dec, 2021
Hello,
The TFC Curve is horizontal in nature. The difference between TC and TVC curves is the same at each level and also this output curve is equal to TFC. So, TFC= TV-TVC. The curve of TFC is parallel to the horizontal axis and the curve of TVC is inverted S-shaped.
Hope you got your answer. Thank You.
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