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In the first video sir said the graph of variable cost is a straight line starting from origin but in the second video the graph of TVC is a like a curve starting from origin EXPLAIN Another doubt is TC =TVC+TFC SEE this Image and clarify my doubt. If that portion is not covered how can total variable cost be covered

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Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

25-Aug-20 17:52

23

Answers (5)

The shape of the total variable cost curve reflects increasing marginal returns at small quantities of output and decreasing marginal returns at large quantities. TVC curve starts from the origin indicating that when output is zero, variable cost is also zero. TVC is an inversely S-shaped curve due to the Law of Variable Proportions.


Lavanya Chitturi

Lavanya Chitturi

Moderator

26-Aug-20 23:32

Variable cost is straight line and Total variable cost is a curve


Lavanya Chitturi

Lavanya Chitturi

Moderator

27-Aug-20 12:47

Variable cost is straight line and Total variable cost is a curve

Why such difference


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

27-Aug-20 14:06

Why such difference

Please refer to the videos


Sriram Somayajula

Sriram Somayajula

Admin

27-Aug-20 15:35

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