define average variable cost
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❏In economics, average variable cost is a firm's variable costs divided by the quantity of output produced. Variable costs are those costs which vary with the output level: where = variable cost, = average variable cost, and = quantity of output produced.
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ÂnsWêR ♥️
In economics, average variable cost is a firm's variable costs divided by the quantity of output produced. Variable costs are those costs which vary with the output level ,
where = variable cost, = average variable cost, and = quantity of output produced.
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