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Describe the relationship among TFC , TVC and TC with the help of cost schedule and diagram.​

User Aartiles
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Answer:This is explained as follows: TC – TVC = TFC. The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped. Thus, the TC curve is the same shape as TVC but begins from the point of TFC rather than the origin.Since the TFC curve is horizontal, the difference between the TC and TVC curve is the same at each level of output and equals TFC. This is explained as follows: TC – TVC = TFC. The TFC curve is parallel to the horizontal axis while the TVC curve is inverted-S shaped.

Step-by-step explanation: Sorry I can't give you the diagram

User Votelessbubble
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