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Average variable cost
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Revision as of 02:30, July 13, 2016
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02:30, July 13, 2016
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clean up & uniformity
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Average variable cost (AVC) is a firm or company's [[total variable cost]] divided by the quantity it produces:
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'''
Average variable cost
'''
(AVC) is a firm or company's [[total variable cost]] divided by the quantity it produces:
: AVC = (total variable cost) / (quantity of output)
: AVC = (total variable cost) / (quantity of output)
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