Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days
8104911739
For Business Enquiry

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

What is long run total cost curve (LTCC)?

Asked by Topperlearning User 25th April 2016, 1:04 PM
Answered by Expert
Answer:

In the long run, all the factor inputs become variable; there is no difference between variable cost and fixed cost.

Initially, LTCC increases at a diminishing rate, then it tends to increase at a constant rate and it rises at an increasing rate.

This curve starts from the origin because all the costs are variable cost vary with output. Therefore, when output is zero, the variable costs are also zero.

Answered by Expert 25th April 2016, 3:04 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Free related questions

Latest Questions

CBSE X Biology
Asked by kkhatik270 23rd February 2019, 4:50 PM
Maharashtra X Vyakran
Asked by sudhayengula2001 23rd February 2019, 4:40 PM
CBSE X Mathematics
Asked by dhruvshrotriya03 23rd February 2019, 3:53 PM

Chat with us on WhatsApp