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Average variable cost (view source)

Revision as of 15:38, May 4, 2007

276 bytes added ,  15:38, May 4, 2007
New page: 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) Average variable cost...
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)

Average variable cost is also the [[average total cost]] minus the [[average fixed cost]]:

: AVC - ATC - AFC
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