Average variable cost
This is the current revision of Average variable cost as edited by DavidB4-bot (talk | contribs) at 02:30, July 13, 2016. This URL is a permanent link to this version of this 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 is also the average total cost minus the average fixed cost:
- AVC - ATC - AFC