Write your comment of the statement in a sentence or two:Long period T – InterviewSolution

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1.	Write your comment of the statement in a sentence or two:Long period TC curve starts from the origin.
Answer» Yes. Long period total cost (TC) curve starts from the origin (or zero) because in the long period, all costs are variable costs and variable costs always vary with output, so that when output is zero, variable costs are also zero.

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The curve in the following diagram is the most similar to a typical , A. Total Variable Cost CurveB. Marginal Cost CurveC. Total Cost CurveD. Average Variable Cost Curve
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Discuss the relationship between TVC and MC. OR Draw a diagram showing TVC in terms of the area under MC curve.