Topic:
Average Variable Cost
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Average Variable Cost
Answers to Common Questions
The Average Total Cost (ATC) curve is above the Average Variable Cost (AVC) curve because the ATC is composed of the AVC and the AFC (average fixed cost curve). The AVC curve starts out low at low levels of output, and eventually, as more o...
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
fixed costs FC are easy. What are the total costs TC when Q=0 that is fixed costs. TVC are what are the TC minus FC AVC what is the AVC / Q FC = TC when Q=0 TVC = TC - FC AVC = VC / Q finally max profits is where MC = MR or as close as you ...
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Answers to Other Common Questions
Average variable cost is the cost that varies (changes) as production increases. As we increase production, marginal cost is the measurement of how variable costs change with each additional unit of production. If variable cost on average i...
http://answers.yahoo.com/question/index?qid=20070417154...
I'm an insurance geek, not a math geek. Try posting in math, or homework help.
http://answers.yahoo.com/question/index?qid=20091016104...
Average variable cost is often used as a proxy for short-run marginal cost in empirical studies of manufacturing firm behaviour. Assuming that average variable cost is equal to marginal cost, Cowling and Waterson (1976) derive a model that ...
http://ideas.repec.org/p/mac/wpaper/0208.html
Yes. Both marginal cost and average variable cost are both subject to diminishing returns. This makes sense because, after all, the marginal cost is very closely related to the average variable cost so they will move in the same directio...
http://www.enotes.com/business/q-and-a/marginal-cost-si...
Marginal Cost will keep increasing (have upward slope) because of the principle of diminishing marginal returns. The MC curve above the its intersection with AVC is the Supply Curve *because below minimum AVC, the firms stops production)
http://wiki.answers.com/Q/What_happens_to_marginal_cost...
Because of economies of scale and diseconomies to scale.
http://wiki.answers.com/Q/Why_is_the_average_variable_c...
Marginal Cost equals Average Variable Cost at the minimum of Average Variable Cost curve. The reason is that the marginal cost curve "pulls" the average variable cost curve up or down. It might be simpler to think about this using...
http://answers.yahoo.com/question/index?qid=20080424221...
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