What is the relationship between tvc, tfc and tc – InterviewSolution

1.	What is the relationship between tvc, tfc and tc
Answer» 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.thankyou have a nice DAY

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