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Area under MC curve is equal to: -

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Question

Area under MC curve is equal to:

Options

  • TVC

  • AFC

  • AVC

  • AC

MCQ

Solution

TVC

Explanation:

Because MC is computed by subtracting TVC, the area below the MC curve represents the total variable cost:

MC = TVCn − TVCn −1

As a result, the territory covered by MC is TVC.

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