Question

If TFC and TVC are given how will you estimate the TC ​

Answer 1

Answer:

calculated by dividing the total fixed cost by the quantity of output. Average variable cost is the variable cost at per unit of output. It is calculated by dividing the total variable cost by quantity of output. Average Total cost is the summation of average fixed cost and Average variable cost.

Answer 2

Answer:

CALCULATED BY DIVIDING THE TOTAL FIXED COST BY THE QUANTITY OF OUTPUT AVERAGE VARIABLE COST IN THE VARIABLE COST AT PER UNIT OF OUTPUT IT IS CALCULATED BY DIVIDING THE TOTAL VARIABLE COST BY QUANTITY OF OUTPUT AVERAGE TOTAL COST IS THE SUMMATION OF AVERAGE FIXED COST AND AVERAGE VARIABLE COST.......