In economics, a cost curve is a graph of the costs of production as a function of the total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing costs consistent with each possible level of production, and the result is a cost curve.
What is the total fixed cost?
Total fixed cost is the total amount of money a business must pay to keep its operations running regardless of how many products they make or sell. Total fixed cost does not change regardless of production or lack of production.
Ecoholics is the largest platform for economics.
Download our app: ecoholics.in/mobile-app/
Visit our website for further information and resources: ecoholics.in/
To Subscribe for Courses - subscription.ecoholics.in/
Reach out to us on Whatsapp for further information: wa.me/917880107880
If you’re preparing for competitive exams like UPSC IES, RBI DPER or UGC NET then Ecoholics is the one-stop destination for all your learning needs. Study economics the smart way and get an in-depth understanding of this dynamic subject with our holistic approach. Our team of expert faculties help you polish your knowledge and provides you with one-on-one mentorship and doubt-clearing sessions, so you leave no stone unturned when it comes to your preparation. By signing up with us, you can access our live classes, video lectures, test series and get the hard copy of study material delivered to your doorstep, so your preparation never hits a bump!
Follow our social media handles to stay updated on all things economics.
Follow Ecoholics on Twitter- / ecoholics_in
Follow Ecoholics Facebook Group - / 41907. .
Follow Ecoholics Facebook Page - / ecoholics8
Follow Ecoholics on Instagram: / ecoholics.in
Follow Ecoholics on Telegram: t.me/ecoholicsbysanat
Become a Member of Largest Community of Economics: ecoholics.in/become-a-member/
#ecoholics #economics #costcurve #costofproduction #costcurveeconomics #Class11 #Microeconomics #Cost #FixedCost #TFC #FixedCostsExamples #freemarketeconomy #costsofproduction #schooleconomics #easyeconomics #costcurvegraph #costcurveanalysis #curvecost #costcurvedaigram #whatiscostcurve #economics #economic #economists #upsc #rbi #indianeconomicsservice #ias #iitjam #gateeconomics #ugcnet #ugc #jrf #economy #unionpublicservicecomission #ignou #dse #jnu #maentrance #pgentrance