Average variable cost
This is an old revision of this page, as edited by Jimmyz (talk | contribs) at 04:50, June 30, 2007. It may differ significantly from current revision.
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