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Average Variable Cost =
TotalCost/Output, the cost per unit of production
Total
Cost/Output, the cost per unit of production
TotalVariable Cost/Output, the average variable cost per unit of production
Variable Cost/Output, the average variable cost per unit of production
TotalFixed Cost/Output, the average fixed cost per unit of production
Fixed Cost/Output, the average fixed cost per unit of production
Theaddition to cost associated with one additional unit of output.
The
addition to cost associated with one additional unit of output.
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