Question

In order to determine ____________, the firm's total costs must be divided by the quantity of its output. Group of answer choices diminishing marginal returns fixed costs variable cost average cost

Answer 1

In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

What is average variable expense formula?

The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.

How do you calculate variable cost examples?

More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.

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