Why total variable cost make inverse s curve? – InterviewSolution

InterviewSolution

1.	Why total variable cost make inverse s curve?
Answer» tion:TVC is the total variable COST curve. It slopes upward left to RIGHT, as inverse S-shaped. This slope of TVC curve shows that THETOTAL variable cost increases initially at a decreasing RATE as thetotal output increases and subsequently it increases at an increasing rate with the increase in the output.

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