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Nataly [62]
3 years ago
15

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

Business
1 answer:
dangina [55]3 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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When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area

Horizontal Differentiation :

Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.

What is meant by geographical area?

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An area of land that can be considered as a unit for the purposes of some geographical classification.

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5 0
1 year ago
The negative impact of the coronavirus on businesses​
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A dollar today is worth ______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more t
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A dollar in the present day is worth less than that of the dollar in the future, because of returns generated over reinvestment.

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5 0
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Net cash flow from operating activities = + $47,042

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Net cash flow from financing activities = -  $28,397

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Beginning cash account balance          =   $12,283

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5 0
3 years ago
The Mary Company primarily sells dishes, and recently purchased a cardboard box company. Mary's new cardboard box division has n
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