wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Does long period TC curve start from the origin?

Open in App
Solution

Yes. Long period total cost (TC) curve starts from the origin (or zero) because in the long period, all costs are variable costs and variable costs always vary with output, so that when output is zero, variable costs are also zero.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Arrhenius Equation
CHEMISTRY
Watch in App
Join BYJU'S Learning Program
CrossIcon