Definition of Average variable cost

MONASH Marketing Dictionary
Average Variable Cost
a measure of cost control, calculated by dividing the total variable cost of the goods produced by the number of units sold.

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Average Variable Cost definition was found in categories: Science & Technology(1)  Encyclopedia(1)  

Average Variable Cost Definition from Science & Technology Dictionaries & Glossaries

Fishery Glossary
Average variable cost
The total variable cost divided by the number of units produced. OECD (1996)


Average Variable Cost Definition from Encyclopedia Dictionaries & Glossaries

Wikipedia English - The Free Encyclopedia
Average variable cost
Average variable cost (AVC) is an economics term to describe the total cost a firm can vary (labor, etc.) divided by the total units of output.

Average variable cost plus average fixed cost equals average total cost.


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