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

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

Why does the difference between average cost curve and the average variable cost curve gradually decline?

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

AC= AFC + AVC. As output increases, AFC must fall continuously because the TFC is constant. This makes the components of AFC in AC tends to reduce. Thus, the difference between the AC and AVC becomes closer.

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

Chat with us on WhatsApp