Youtor
Relationship between MC AC AVC
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Free Notes Download Link - https://t.me/jhansi_institute Concept of Cost Part 3 Short Run Average Cost Curves, • Average Cost (AC) and the shape of AC Curves, • Fixed and Variable Components of AC, • Average Fixed Cost, • AFC Curve is Rectangular Hyperbola, • Average Variable Cost, • AC as the Summation of AFC and AVC, • Short Run Average Cost Curve is U shaped, • Marginal Cost (MC) and the Shape of MC Curve, • Estimation and Behaviour of MC, • MC is Variable Cost only, • Estimation of TVC from MC, • #averagecost • ##marginalcost • #conceptofcostpart3 • #afc • #avc
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