The average variable cost per unit of output produced.
Below is an illustrated example of how to calculate the AVC for different levels of output for a hypothetical firm. These points can then be used to map out the AVC curve for this firm.
The average variable cost per unit of output produced.
Below is an illustrated example of how to calculate the AVC for different levels of output for a hypothetical firm. These points can then be used to map out the AVC curve for this firm.