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What does the difference between ATC and AVC indicate? - Economics

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प्रश्न

What does the difference between ATC and AVC indicate?

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उत्तर

The difference between Average Total Cost (ATC) and Average Variable Cost (AVC) is equal to the Average Fixed Cost (AFC). 

ATC = AVC + AFC ⇒ ATC − AVC = AFC

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पाठ 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [पृष्ठ १६१]

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फ्रँक Economics [English] Class 12 ISC
पाठ 8 Cost and Revenue Analysis
TEST YOURSELF QUESTIONS | Q 30. | पृष्ठ १६१
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