Average Variable Cost | Definition, Formula & Equation
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Give the formulas for average fixed cost (AFC), marginal cost (MC), average variable cost (AVC), and average cost (AC), if the cost function is:C = 9 92Marginal cost is:MCThe formula for average fixed cost is:AFC = C / QThe formula for average variable cost is:AVC = (C - AFC) / QThe formula for average cost is:AC = AFC AVC
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