Sunday, January 24, 2016

CALCULATIONS

Marginal Cost= New TC - Old TC

TFC + TVC = TC
AFC + AVC = ATC
TFC /  Q  = AFC
TVC /  Q  = AVC
TC  /  Q  = ATC
AFC X  Q  = TFC
AVC X  Q  = TVC

1 comment:

  1. There is no explanation as to what the acronyms mean here. Also, this post would be well suited to have an example of a production cost table, or a link to a practice one.

    ReplyDelete