Average Variable Cost
What is average variable cost? How is average variable cost calculated?
Average variable cost, abbreviated AVC, is the total variable cost (TVC) for a firm divided by the units of output. Hence, TVC / Output = AVC.
What is average variable cost? How is average variable cost calculated?
Average variable cost, abbreviated AVC, is the total variable cost (TVC) for a firm divided by the units of output. Hence, TVC / Output = AVC.
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