Average Fixed Cost

Tags: #Economics #Microeconomics

Equation

$$AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}$$

Latex Code

                                 AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}

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Introduction

Equation



Latex Code

            AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}

Explanation

Latex code for the Allocative Average Fixed Cost. I will briefly introduce the notations in this formulation.

  • : Total Fixed Cost
  • : Quantity of Output

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