Average Fixed Cost
a measure of cost control, calculated by dividing the total fixed cost of the goods produced by the number of units sold. | ||||
Search Dictionary:
Average Fixed Cost definition was found in categories: Science & Technology(1) Encyclopedia(1)
Average Fixed Cost Definition from Science & Technology Dictionaries & Glossaries
| Fishery Glossary |
Average fixed cost
The total fixed costs divided by the number of units produced. OECD (1996)
The total fixed costs divided by the number of units produced. OECD (1996)
Average Fixed Cost Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Average fixed cost
Average fixed cost (AFC) is an economics term to describe the total fixed costs (TFC) divided by the number of units produced. 
; TFC = total fixed cost, Q = quantity of units produced
Average variable cost plus average fixed cost equals average total cost.
| See more at Wikipedia.org... |