Express average total cost in terms of average fixed cost and average

1.	Express average total cost in terms of average fixed cost and average variable costs.
Answer» Solution :The average variable COST (AVC) is the total variable cost per unit of output. This is found by dividing total variable cost (TVC) by total output (Q).Fixed COSTS are those costs incurred that do not VARY with production; they are fixed at a certain price no matter how MUCH is produced

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