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what are the formulas to find total fixed cost, total variable cost, and average fixed cost?

i have the numbers for the quantity(Q), total cost(TC), average fixed cost(AFC), average variable cost(AVC), average total cost(ATC), marginal cost(MC), price(P), total revenue(TR), marginal revenue(MR), and net revenue(NR)

2 Answers

  • 7 years ago
    Favorite Answer

    TFC = Q x AFC

    TVC = Q x AVC

    For AFC you have the number you say. Anyways, AFC = ATC -AVC.

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  • Andrea
    Lv 4
    4 years ago

    What you thought is correct. Another definition is B.

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