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In the short run, the average variable cost can be obtained by each of the following except

Accounting Dec 08, 2020

In the short run, the average variable cost can be obtained by each of the following except.

a. ATC - MC

b. ATC - AFC

c. (TC/Q) - (TFC/Q).

d. TVC/Q.

Expert Solution

In the short run, the average variable cost can be obtained by each of the following except. (a) ATC - MC

b. ATC - AFC See (2) below.

c. (TC/Q) - (TFC/Q). See (1) below.

d. TVC/Q. Any average is the total divided by the quantity, so the average variable cost equals the total variable cost divided by the quantity.

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