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| 1. |
The two inversely S-shaped short run cost curve are parallel to each other and maintain a constant distance of `₹ 50`. What cost is indicated by `₹ 50` ? Also , Identify the two inversely S-shaped short run cost curves. |
| Answer» `₹ 50` inidicates total fixed cost. The two inversely S-shaped short run cost curves are : Total Cost Curve, and (ii) Total Variable Cost curve. | |