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Cost Of Production and Concept of Revenue — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsCost Of Production and Concept of Revenue1 Mark
MCQ
Which of the following statements is true?
  • A
    $TC$ curve and $\text{TVC}$ curve start from origin $O$.
  • B
    $\text{TVC}$ starts from a specific point on $Y-$axis and $TC$ from origin $O$.
  • ✓
    $TC$ starts from a specific point on $Y-$axis and $\text{TVC}$ from origin $O$.
  • D
    Both $TC$ and $\text{TVC}$ start from a specific point on $Y-$axis.
✓

Answer

Correct option: C.
$TC$ starts from a specific point on $Y-$axis and $\text{TVC}$ from origin $O$.

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