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Total cost curve (TC) is obtained by adding up vertically total fixed cost and total variable cost curves because the total cost is sum of total fixed cost and total variable cost it will be seen from that the vertical distance between the TVC curve and TC curve is constant throughout. This is because the vertical distance between the TVC and TC curves represents the amount of total fixed cost which remains unchanged as output is increased in the short run. It should also be noted that the vertical distance between the total cost curve (TC) and the total fixed curve (TFC) represents the amount of total variable costs which increase with the increase in output. The shape of the total cost distance always separated the two curves.
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what the third degree price discrimination with case study of two successfull and unsuccessfull cases?
(a) Suppose Scientists discover that eating soybeans prevents cancer and heart disease.
write about the origin of sylos labini''s limit pricing model
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
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if the Japanese yen appreciates against the U.S. dollar, do the Japanese businesses gain by a decrease in the dollar price of exports to the United States
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