Total Cost Formulas
Ace your homework & exams now with Quizwiz!
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
