Average variable cost is measured by
A) AFC + ATC
B) TC - TFC
C) AVC - ATC
D) TVC/TC
E) TVC/Q

Name: Average variable cost is measured by A) AFC + ATC B) TC - TFC C) AVC - ATC D) TVC/TC E) TVC/Q
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Question

Quizplus · Accepted Answer

Average Variable Cost (AVC) is calculated by dividing the Total Variable Cost (TVC) by the quantity of output produced (Q). This gives the cost of producing one additional unit of output.

Average Variable Cost Is Measured by