Average variable cost can be calculated using any of the formulas below except
A)TVC/Q.
B)(TC - FC)/Q.
C)Δ(TC - FC)/ΔQ.
D)(TC/Q)- AFC.

Name: Average variable cost can be calculated using any of the formulas below except A)TVC/Q. B)(TC - FC)/Q. C)Δ(TC - FC)/ΔQ. D)(TC/Q)- AFC.
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Question

Quizplus · Accepted Answer

The formula Δ(TC - FC)/ΔQ represents the change in total variable cost per unit change in quantity, which is the marginal cost, not the average variable cost.

Average Variable Cost Can Be Calculated Using Any of the Formulas