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Why is total variable cost curve inverse...

Why is total variable cost curve inverse S-shaped?

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TVC is zero at zero level of output. As more units of output are produced. TVC increases at decreasing rete and later it increases at increasing rate. The inverse S-shaped of TVC is because of application of law of variable proportions.
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Knowledge Check

  • Which diagram correctly depicts total variable cost curve :

    A
    B
    C
    D

  • The shape of total fixed cost curve is :

    A
    U-shaped
    B
    Downward sloping
    C
    Inversely S-Shaped
    D
    Horizontal straight line parallel to x-axis

  • The short run marginal cost curve is ___shaped.

    A
    U
    B
    V
    C
    X
    D
    W

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    Why does average fixed cost curve shaped ?

    Define variable cost. Explain the behaviour of total variable cost as increases

    The cost curve, which is inversely S-shaped is:

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