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How to calculate AFC when given TP in economics?
Also how to calculate AVC, ATC and MC?
- 8 years agoFavorite Answer
In fact, if only given TP, we cannot calculate AFC since one is about the amount of product, and another one is about the amount of costs.
AFC = TFC / TP
AVC = TVC / TP
MC = TC(n+1) - TC(n)
[Marginal Cost is an increase in total cost that results from a one unit increase in output.
~ Source: www.economicsconcepts.com]
- Anonymous5 years ago
VC=TC-FC=zero,15,forty,65,ninety,one hundred fifteen. AVC=VC/Output,0,0.25,zero.42,zero.43,0.41,zero.... AFC=FC/Output=zero,0.17,zero.Eleven,zero.07,zero.05,0.... ATC=TC/Output=0,0.Forty two,zero.Fifty one,0.50,zero.45,0.... Investigate it out.I do not believe my calculator too.