Difference between revisions of "Average variable cost"
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(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...) |
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Revision as of 04:50, June 30, 2007
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