Home
Class 11
ECONOMICS
Why is total variable cost curve inverse...

Why is total variable cost curve inverse S-shaped?

Text Solution

Verified by Experts

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.
Promotional Banner

Topper's Solved these Questions

  • CONCEPTS OF COST

    RADHA BHUGANA|Exercise VALUE BASED QUESTIONS|3 Videos

  • CONCEPTS OF COST

    RADHA BHUGANA|Exercise QUIDELINES TO NCERT QUESTION|9 Videos

  • CONCEPTS OF COST

    RADHA BHUGANA|Exercise CONCEPTUAL QUESTIONS|5 Videos

  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Unsolved numericals|4 Videos

Similar Questions

Explore conceptually related problems

Which diagram correctly depicts total variable cost curve :

Why is short run marginal cost curve 'U'-shaped?

The shape of total fixed cost curve is :

The short run marginal cost curve is ___shaped.

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