3.3.2 Costs Flashcards by Sharvari Dubey | Brainscape

Q

Formula for TC

A

TC = TFC + TVC

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Q

Formula for ATC

A

TC / Q
(TFC + TVC) / Q

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Q

Formula for AFC

A

AFC = TFC / Q

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Q

Formula for AVC

A

AVC = TVC / Q

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Q

Formula for MC

A

MC = change in TC / change in Q

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