State the behaviour of Total Variable Cost. Draw Total Variable Cost, Total Cast and Total Fixed Cost Curvesin a single diagram.

State the behaviour of Total Variable Cost. Draw Total Variable Cost,

1.	State the behaviour of Total Variable Cost. Draw Total Variable Cost, Total Cast and Total Fixed Cost Curvesin a single diagram.
Answer» SOLUTION :The TOTAL variable cost is the cost that VARIES with the change in the LEVEL of output and hence it increases as output increases and decreases as output decreases.