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Identify the shapes of the following cost curves.  1. AFC  2. AC  3. TFC 4. TVC  5. TC

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Identify the shapes of the following cost curves. 

1. AFC 

2. AC 

3. TFC

4. TVC 

5. TC

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1. AFC – Rectangular hyperbola 

2. AC – ‘U’shape 

3. TFC – Straight line parallel to X axis 

4. TVC – Inverse‘S’ shape 

5. TC – Inverse‘S’ shape

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