In the short run, average variable cost equals:
A) output divided by total cost.
B) total cost divided by output.
C) total cost minus total fixed cost.
D) average total cost minus average fixed cost.

Name: In the short run, average variable cost equals: A) output divided by total cost. B) total cost divided by output. C) total cost minus total fixed cost. D) average total cost minus average fixed cost.
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Question

Quizplus · Accepted Answer

Average variable cost is calculated by subtracting average fixed cost from average total cost.

In the Short Run, Average Variable Cost Equals