Explain the relationship between TC, TVC and TFC with the help of a hypothetical schedule and diagram.

Explain the concept of marginal cost with the help of a hypothetical schedule and diagram.

Explain the relationship among TR , AR and MR with the help of a diagrame.

State and explain the law of supply with the help of a hypothetical schedule and diagram.

Explain the law of diminishing returns with the help of a hypothetical schedule and diagram.

Explain, in brief, the meaning of variable cost with the help of a hypothetical schedule and diagram.

Relationship Between Tc And Mc

Explain the concept of supply schedule and supply curve with the help of a hypothetical schedule and diagram.

Relationship Between Tvc And Mc