If you increase production to infinitely large level, the average variable cost and the average total cost will merge, explain in detail.
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Answer:
In economics, average variable cost is a firm's variable costs divided by the quantity of output produced.
Explanation:
Variable costs are those costs that vary with the output level: where = variable cost, = average variable cost, and. = quantity of output produced.
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Answered by
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Answer:
Variable costs are those costs that vary with the output level: where = variable cost, = average variable cost, and. = quantity of output produced.
Explanation:
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