Question

Average variable cost equals Group of answer choices average total cost minus average fixed cost. total variable cost divided by the change in output. price of the variable input times the quantity of the variable input.

Answer 1

Average variable cost equals:

• average total cost minus average fixed cost.
• price of the variable input times the quantity of the variable input.

What is average variable cost?

Average variable cost is total variable cost divided by variable input. Variable input is the input that varies with the output. For example, labor is an example of a variable input.

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Answer 2

Average variable cost is equal to  total variable cost divided by the change in output.

What is average variable cost?

This is the total variable cost per unit of output. The average variable cost is the variable cost of a business divided by the output that the firm was able to produce.

It tells the producer about the variable cost amount for every unit of good that was produced.

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