Draw average variable cost, average total …
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
- 1 answers
- 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.
When price of the commodity reduces from 5 rupees to 4 rupees per unit expenditure on the commodity reduces from 60 rupee to 48 rupee Find Ed
Posted by Asd Asd 4 days, 10 hours ago
- 0 answers