How to calculate the AFC, ATC, AVC and MC in economics?
- 7 years agoFavorite Answer
It depends upon the Question.But the formulas are the following-
1.AFC = TFC/Q
3.AVC = TVC/Q
4.MC = TVCn - TVCn-1 or, TCn - Tcn-1.It means the difference between the Preceeding unit from the Successive unit.
- anniceLv 44 years ago
You might be given the following information for items zero-four that are produced by using The Metro company. The total rate of unit 3 is sixty nine. The usual variable fee of unit three is 15 and Marginal price of unit three is 15. The whole constant fee of all unit is 24, find out TC, AVC, MC for 4th unit. Urgent