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How to find Average Variable Cost?
I'm having a little trouble with one question. "given ATC=$300, TFC=$2000, and TC=$6000, find AVC." If someone could at least give me the formula so I can find the answer I would appreciate it. Thanks
5 Answers
- CSI - EconomicsLv 41 decade agoFavorite Answer
ATC=TC/Q then
Q=TC/ATC
Q=6000/300
Q=20
TVC=total variable cost
TVC=TC-TFC
TVC=6000-2000
TVC=4000
AVC=TVC/Q
AVC= 4000/20
AVC=200
- Anonymous5 years ago
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When output= 0, all costs are fixed cost=800, but all average costs are undetermined. When output=1, fixed cost= AFC= 800, AVC=200/1=200,AC=1000. When output=2,fixed cost=800,AFC=800/2=400, AVC=450/2=225, AC=1250/2=625.
- Anonymous6 years ago
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RE:
How to find Average Variable Cost?
I'm having a little trouble with one question. "given ATC=$300, TFC=$2000, and TC=$6000, find AVC." If someone could at least give me the formula so I can find the answer I would appreciate it. Thanks
Source(s): find average variable cost: https://knowledge.im/?s=find+average+variable+cost - How do you think about the answers? You can sign in to vote the answer.
- John MLv 71 decade ago
Figure Q first. 6,000/300 = 20
then take total fixed cost and subtract from total cost to get variable cost. 6,000 - 2,000 = 4,000
divide by Q to get AVC of 200
Source(s): my small brain
