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Identify the two cost curves which start from the same point on the Y-axis:
TVC and TFC
TFC and TVC
TFC and TC
TFC and AFC
- TVC (Total Variable Cost) and TFC (Total Fixed Cost):
- TVC starts from zero because variable costs depend on output.
- TFC is constant regardless of output.
- TFC and TVC:
- They do not start from the same point as TFC is fixed and TVC varies based on production.
- TFC (Total Fixed Cost) and TC (Total Cost):
- TFC and TC do start at the same point.
- TFC is always constant and represented on Y-axis when output is zero.
- TC initially overlaps with TFC as TC = TFC when output is zero.
- TFC and AFC (Average Fixed Cost):
- AFC is derived from TFC divided by quantity, hence they don’t start from the same point.
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