Question

While Graphing TVC and MC, the equation of for slope is: Slope of TVC = _____/____...

While Graphing TVC and MC, the equation of for slope is:

Slope of TVC = _____/____ = _______/______ = _________ = MC

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Answer #1

Slope of TVC = TVC/Q = TC/Q = MC

The rate at which TVC increases is gauged by the slope of the tangent to TVC at a given output level. At Q1, for example, the slope of the tangent to TVC simply indicates the amount of additional variable cost required to produce one more unit of output at Q1.

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