Last Updated 07 Jul 2021

Output Units Marginal Cost

Essay type Research
Words 138 (1 page)
Views 69

Because average total cost is total cost per unit of output, it can be found by dividing total cost by the quantity of output. Alternatively, because total cost is the sum of total variable cost and total fixed cost, average total cost can be derived by summing average variable cost and average fixed cost.

Because average fixed cost is total fixed cost per unit of output, it can be found by dividing total fixed cost by the quantity of output. Alternatively, because total fixed cost is the deterrence between total cost and total variable cost, average fixed cost can e derived by subtracting average variable cost from average total cost.

Alternatively, because total variable cost is the difference between of total cost and total fixed cost, average arable cost can be derived by subtracting average fixed cost from average total cost.

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