Also, how do you find Average Variable Cost?
2006-08-17 09:02:08 · 4 answers · asked by Marie 1 in Social Science ➔ Economics
Total Variable Cost = Total Cost - Fixed Cost
Average Variable Cost = Total Variable Cost / Quantity Produced
2006-08-17 09:11:44 · answer #1 · answered by NC 7 · 1⤊ 0⤋
Total Variable Cost Formula Economics
2016-10-15 21:57:55 · answer #2 · answered by ? 4 · 0⤊ 0⤋
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RE:
How do you find Total Variable Cost in economics?
Also, how do you find Average Variable Cost?
2015-08-06 19:27:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
1) TVC = Wages payable to employees + Interests payable on capital, the capital to be used for the purchase of inputs and other consumables to produce a certain quantity of product.
2) AVC = TVC/Q, where Q is the total quantity produced
2006-08-18 01:21:51 · answer #4 · answered by mekaban 3 · 0⤊ 0⤋
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2016-03-18 03:20:15 · answer #5 · answered by ? 3 · 0⤊ 0⤋