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State the reason why Total Variable Cost (TVC) curve and Total Cost (TC) curve are parallel to each other.

+2 votes

asked Sep 23, 2018 in Class 12 by kratos

State the reason why Total Variable Cost (TVC) curve and Total Cost (TC) curve are parallel to each other.

isc
class-11
icse
cost and revenue analysis
cost
class-12
revenue

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1 Answer

+2 votes

answered May 31, 2020 by kratos

Best answer

Total fixed cost, which *** unchanged at all given levels of output, is the reason behind vertical parallel distance between TVC curve and TC curve.

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