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


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


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

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

Asked by alkabrazak 17th June 2019, 6:47 PM
Junior V General Science
Asked by sreelathadora 17th June 2019, 6:43 PM
ICSE VIII Mathematics Exponents
Asked by Cl_narayan 17th June 2019, 5:43 PM

Chat with us on WhatsApp