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13 December, 20:24

Explain why Total costs curve behaves like this?

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  1. 13 December, 21:25
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    Explanation: TVC is the total variable cost curve. It slopes upward left to right, as inverse S-shaped. This slope of TVC curve shows that the total variable cost increases initially at a decreasing rate as the total output increases and subsequently it increases at an increasing rate with the increase in the output.
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