What is full form of AVC n Explain?? in economics
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In economics, average variable cost (AVC) is a firm's variable costs (labour, electricity, etc.) 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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Advanced Video Coding (AVC) is a type of standard for the compression of digital video. AVC helps to set the standard syntax for video formats such as Blu-Ray, mobile TV and teleconferencing. AVC is also known as H. 264 or MPEG-4 Part 10.
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