Average variable cost equals
A)average total cost minus average fixed cost.
B)total variable cost divided by the change in output.
C)total variable cost divided by output.
D)price of the variable input times the quantity of the variable input.
E)a and c

Question

Quizplus · Accepted Answer

Average variable cost is calculated by dividing total variable cost by the quantity of output produced (C), and it can also be found by subtracting average fixed cost from average total cost (A).

Average Variable Cost Equals