Meaning Average variable costs
What does Average variable costs mean? Here you find 2 meanings of the word Average variable costs. You can also add a definition of Average variable costs yourself
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Average variable costsIn the theory of the firm, total variable cost divided by the number of units of output.
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Average variable costsAlso known as AVC, average variable costs is the total cost that a company can vary, divided by the total output of products.
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