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

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 · Answer

What is your question?

Luke · Answer

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.