The two inversely S-shaped short run cost curve are parallel to each other and maintain a constant distance of `₹ 50`. What cost is indicated by `₹ 50` ? Also , Identify the two inversely S-shaped short run cost curves.

Explanation

`₹ 50` inidicates total fixed cost. The two inversely S-shaped short run cost curves are : Total Cost Curve, and (ii) Total Variable Cost curve.