Identify the shapes of the following cost curves. 1. AFC 2. AC 3. T – InterviewSolution

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1.

Identify the shapes of the following cost curves. 1. AFC 2. AC 3. TFC4. TVC 5. TC

Answer»

1. AFC – Rectangular hyperbola

2. AC – ‘U’shape

3. TFC – Straight line parallel to X axis

4. TVC – Inverse‘S’ shape

5. TC – Inverse‘S’ shape

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