Total Cost Formulas
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Marginal Cost
Change in Total Cost/Change in inputs
Average Fixed Cost
Fixed Cost/Quantity or Average Total Cost - Average Variable Cost
Variable Cost
Total Cost - Fixed Cost
Fixed Cost
Total Cost - Variable Cost
Average Total Cost
Total Cost/Quantity or Average Fixed Cost + Average Total Cost
Total Cost
Variable Cost + Fixed Cost
Average Variable Cost
Variable Cost/Quantity or Average Total Cost - Average Fixed Cost
