Question

Area under the MC curve is equal to ______.

विकल्प

• AC

• AFC

• AVC

• Total Cost (TC)

Answer 1

Area under the MC curve is equal to Total Cost (TC).

Explanation:

Marginal Cost measures the addition made strictly to the total expenses by producing one more unit of output. Summing up all these individual marginal additions (∑MC) yields the Total Variable Cost (TVC), which graphically represents the entire area underneath the MC curve up to a given quantity.