Question

For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capture and explain the appropriate relationships among the curves
bobpursley
What is your question?
Luke
what is the formulae to find total fix cost, total fix cost, total variable cost, marginal cost,average fix cost,average variable cost,average total cost.