Average variable cost and marginal cost are two ways for economists to say the same thing.

Name: Average variable cost and marginal cost are two ways for economists to say the same thing.
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While both average variable cost and marginal cost are measures of cost in economics, they are not the same thing. Average variable cost is calculated by dividing total variable cost by the quantity produced, while marginal cost is the cost of producing one additional unit of output.

Average Variable Cost and Marginal Cost Are Two Ways for Economists