Average Variable Cost
Tags: #Economics #MicroeconomicsEquation
$$\text{Average Variable Cost(AVC)} = \frac{\text{Total Variable Cost (TVC)}}{\text{Quantity of Output (Q)}}$$Latex Code
\text{Average Variable Cost(AVC)} = \frac{\text{Total Variable Cost (TVC)}}{\text{Quantity of Output (Q)}}
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Introduction
Equation
Latex Code
\text{Average Variable Cost(AVC)} = \frac{\text{Total Variable Cost (TVC)}}{\text{Quantity of Output (Q)}}
Explanation
Latex code for the Average Variable Cost. I will briefly introduce the notations in this formulation.
: Average Variable Cost
: Total Variable Cost
: Quantity of Output
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