Average variable cost
id:
average-variable-cost-249-6303755
title:
Average variable cost
text:
In economics, average variable cost (AVC) is a firm's variable costs divided by the quantity of output produced (Q): Average variable cost plus average fixed cost equals average total cost (ATC): A firm would choose to shut down if the price of its output is below average variable cost at the profit-maximizing level of output. Producing anything would not generate revenue significant enough to offset the associated variable costs; producing some output would add losses to the costs inevitably be
brand slug:
wiki
category slug:
encyclopedia
description:
Variable costs of production divided by total output
original url:
https://en.wikipedia.org/wiki/Average_variable_cost
date created:
date modified:
2023-11-01T08:11:03Z
main entity:
{"identifier":"Q4828279","url":"https://www.wikidata.org/entity/Q4828279"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/c/c5/Shortruncostcurves.jpg","width":584,"height":356}
fields total:
13
integrity:
15