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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
Question
Why are total cost curve and variable cost curve parallel to each other?
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Answer

Total cost curve and variable cost curve are parallel to each other because the difference between TC and TVC is equal to TFC which is constant at all levels of output.

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