Home
Class 11
ECONOMICS
Nishant, Tavieen and Manas are confused ...

Nishant, Tavieen and Manas are confused with the formula for deriving TC:
• Nishant says: `TC = TVC + TFC`
• Tavleen says: `TC = AC xx "Output"`
• Manas says: `TC = sumMC + TFC`
Identify who amongst them is correct.

A

Nishant

B

Manas

C

Tavleen

D

All of them

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • COST

    SANDEEP GARG|Exercise Very Short Answer Type|41 Videos

  • COST

    SANDEEP GARG|Exercise Short Answer|23 Videos

  • COST

    SANDEEP GARG|Exercise Guidelines|12 Videos

  • CONSUMER'S EQUILIBRIUM

    SANDEEP GARG|Exercise Revision Exercise|64 Videos

  • DEMAND

    SANDEEP GARG|Exercise Unsolved particles|4 Videos

Similar Questions

Explore conceptually related problems

Answer the following question: (i) Why does AFC curve never touch the X-axis ? (ii) Why does TVC curve start from origin? (iii) Why AC, AVC and MC curves are U-shaped ? (iv) Why are the gap between TC curve and TVC curve remains constant with rise in output ? (v) Why does AC curve lie above the AVC curve ? (vi) Why does TC curve and TFC curve start from the same point above the origin?

SANDEEP GARG-COST-Multiple Choice Qns
  1. The shape of total fixed cost curve is :

    Text Solution

    |

  2. Cost function is a "" concept:

    Text Solution

    |

  3. Nishant, Tavieen and Manas are confused with the formula for deriving ...

    Text Solution

    |

  4. TFC is ₹ 20 at 2^(nd) unit of output and MC at 3^(rd) unit is ₹ 5. TFC...

    Text Solution

    |

  5. Which diagram correctly depicts total variable cost curve :

    Text Solution

    |

  6. The curve in the following diagram is the most similar to a typical ,

    Text Solution

    |

  7. MC curve intersects AC curve at its "" point and AVC curve at its "" ...

    Text Solution

    |

  8. AC, AVC and MC curves are 'U' shaped because of :

    Text Solution

    |

  9. Which two curves are intersected by MC curve at their minimum points:

    Text Solution

    |

  10. Minimum point of MC curve comes before the minimum point of :

    Text Solution

    |

  11. AVC can fall even when MC is rising, provided :

    Text Solution

    |

  12. Which condition is incorrect :

    Text Solution

    |

  13. Ishaan, Piyush and Bhavya are three friends talking about the relation...

    Text Solution

    |

  14. Which one of the following is also known as fixed cost ?

    Text Solution

    |

  15. The cost which is never zero even when production is stopped is known ...

    Text Solution

    |

  16. AC is obtained by dividing TC by the level of :

    Text Solution

    |

  17. when change in total cost is divided by change in output, we get :

    Text Solution

    |

  18. Which of the following cost curves is rectangular hyperbola ?

    Text Solution

    |

  19. When AC is rising MC is :

    Text Solution

    |

  20. Minimum point of AC occurs to the right of minimum point of :

    Text Solution

    |