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प्रश्न
What would happen to the following type of cost as output is increased?
Total variable cost
लघु उत्तर
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उत्तर
As output increases, the Total Variable Cost (TVC) also increases. TVC includes costs that vary with production volume, such as raw materials, fuel, and casual worker salaries. The more you generate, the more of these inputs you require. As a result, TVC increases in proportion to output.
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