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- It also provides a premier interdisciplinary platform for researchers, practitioners, and educators to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encountered and solutions adopted in the fields of Law of Increasing Opportunity Cost Conference.
- 3. When the rate of increase in TC stops diminishing, MC is at its minimum point, i.e. point E in Fig. 6.12. 4. When the rate of increase in total cost starts rising, the marginal cost is increasing. Relationship between TVC and MC: We know, MC is addition to TVC when one more unit of output is produced.