Average Variable Cost

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Definition: Average Variable Cost


Average Variable Cost

Quick Summary of Average Variable Cost


The average variable cost (AVC) is the total variable cost per unit of output. This is found by dividing total variable cost (TVC) by total output (Q).




What is the dictionary definition of Average Variable Cost?

Dictionary Definition


In economics, average variable cost (AVC) is a firm’s variable costs (labour, electricity, etc.) divided by the quantity of output produced.


Full Definition of Average Variable Cost


Cost determined by dividing total variable cost by the number of units of output.


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American Psychological Association (APA):
Average Variable Cost. PayrollHeaven.com. Retrieved March 28, 2024
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Definition Sources


Definitions for Average Variable Cost are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th February, 2020 | 0 Views.