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Nataly [62]
2 years ago
15

Describe the relationship among TFC , TVC and TC with the help of cost schedule and diagram.​

Business
1 answer:
dangina [55]2 years ago
6 0

Answer:<em></em><em>This is explained as follows: TC – TVC = TFC. The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped. Thus, the TC curve is the same shape as TVC but begins from the point of TFC rather than the origin.</em><em>Since the TFC curve is horizontal, the difference between the TC and TVC curve is the same at each level of output and equals TFC. This is explained as follows: TC – TVC = TFC. The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped.</em>

<em>Explanation</em><em>:</em><em> </em><em>Sorry</em><em> </em><em>I</em><em> </em><em>can't</em><em> </em><em>give</em><em> </em><em>you</em><em> </em><em>the</em><em> </em><em>diagram</em><em> </em>

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