Page 2 of 3
Total Variable cost
As output increases, total variable cost will increases.
Average Variable Cost
The average cost curve is U-shaped. As output increases, average variable cost falls because of spreading of cost.
- You are here:
-
Home
-
A Level Economics
-
Price system and Microeconomy
-
Revision Notes
- Consumer surplus and Producer surplus
- IMPORTANT MESSAGE -
Quizzes and worksheets on this website have been developed in Flash format. Flash is no more supported by browsers. Therefore, you might see blank pages on some instances. Install Flash player plugin for Chrome from Chrome Web Store. Click here Similarly, for other web browsers you will have to activate the relevant flash player plugins.
© 2023 dineshbakshi.com