What happens to the difference between …
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Posted by Dk Khanna 6 years, 11 months ago
- 2 answers
Yogita Ingle 6 years, 11 months ago
Initially, Total Variable Cost increases at decreasing rate and eventually, it increases at an increasing rate. 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.
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Ritu Manon 6 years, 11 months ago
1Thank You