Question

Tell the average cost formula?

Answer 1

heya friend...
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here is your answer
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#Average cost is also known as average total cost.

#The average spent per unit is the cost.

#Average cost is escaped from total costs and production units.




Average cost=
Total Expenses÷Total manufacturing units

Or

Average cost=
fixed cost+Volatile expenditure÷Total manufacturing units


☺️ hope it help you ☺️

Answer 2

AC= TC

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Q

In economics term , the average cost and /or unit cost is equal to total cost divided by the number of goods produced (the output quantity,Q). it is also equal to the sum of variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q) . Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example) Average costs affect the supply curve and are a fundamental component of supply and demand.