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


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