The total area under MC curve is equal to TVC
Please give its Mathematical Derivation using Calculus and other concepts
Dear student,
The total area under MC curve is equal to TVC.
This can be explained mathematically in the sense that TVC is the summation of the marginal cost (assuming that fixed cost remains constant in the short run).
The total area under MC curve is equal to TVC.
This can be explained mathematically in the sense that TVC is the summation of the marginal cost (assuming that fixed cost remains constant in the short run).