Total cost curves in short run, Assignment Help, Homework Help

Economics >> Microeconomics >> Total cost curves in short run Assignment Help

Total cost curves in short run

Total cost curves Assignment Help

9.1.1 Total Fixed Cost (TFC)

Total Fixed Cost (TFC) does not vary with output as even if the output is zero unit or one thousand units i.e. it remains constant throughout the course. For instance, insurance premium and interest on bonds. TFC is represented by a straight line only.

9.1.2 Total Variable Cost (TVC)

The cost that is directly proportional to output i.e. when output increases TVC also increases and when output decreases, TVC falls.

9.1.3 Total Cost (TC)

Total Cost (TC) is obtained by adding Total fixed cost and Total variable cost. As we know that TFC remains same therefore all the changes in TC are entirely due to variations in TVC.

TC = TFC + TVC

Are you searching microeconomics tutors? Tutorsbiz makes easy solutions for your microeconomics homework and assignment. We provide assignment help in etotal cost curve, total fixed cost, total variable cost under microeconomics. We provide email based microeconomics homework help & assignment help service. You can send us your requirement at services@tutorsbiz.com or submit your homework, assignment at the form given below:


Submit your homework/assignment/project

Name* Email *    
Phone*    Subject*   
Upload 
Country*   
Deadline*  
Specify your requirement 
Expected Cost ($USD) for