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Draw average variable cost, average total …

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Draw average variable cost, average total cost, and marginal cost curves in a single diagram. State the relation between MC curve and AVC & ATC curves.

Posted by Aiman Asif 9 months ago

CBSE > Class 11 > Economics

1 answers

Preeti Dabral 9 months ago

All the three curves are U-shaped due to the law of variable proportion.
Marginal Cost curve cut both Average total cost and Average variable cost from their lowest point.

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