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  2. Cost curve - Wikipedia

    en.wikipedia.org/wiki/Cost_curve

    In economics, a cost curve is a graph of the costs of production as a function of ... the Average Fixed Cost curve and Average Variable Cost curve cannot start with ...

  3. Average variable cost - Wikipedia

    en.wikipedia.org/wiki/Average_variable_cost

    In economics, average variable cost (AVC) is a firm's variable costs (VC; labour, electricity, etc.) divided by the quantity of output produced (Q): = Average variable cost plus average fixed cost equals average total cost (ATC): A V C + A F C = A T C . {\displaystyle AVC+AFC=ATC.}

  4. Variable cost - Wikipedia

    en.wikipedia.org/wiki/Variable_cost

    Total Costs disaggregated as Fixed Costs plus Variable Costs. The quantity of output is measured on the horizontal axis. Variable costs are costs that change as the quantity of the good or service that a business produces changes. [1] Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs.

  5. Average cost - Wikipedia

    en.wikipedia.org/wiki/Average_cost

    1. The Average Fixed Cost curve (AFC) starts from a height and goes on declining continuously as production increases. 2. The Average Variable Cost curve, Average Cost curve and the Marginal Cost curve start from a height, reach the minimum points, then rise sharply and continuously. 3. The Average Fixed Cost curve approaches zero asymptotically.

  6. Total cost - Wikipedia

    en.wikipedia.org/wiki/Total_cost

    Other economic models use the total variable cost curve (and therefore total cost curve) to illustrate the concepts of increasing, and later diminishing, marginal return. In marketing, it is necessary to know how total costs divide between variable and fixed.

  7. Shutdown (economics) - Wikipedia

    en.wikipedia.org/wiki/Shutdown_(economics)

    Then its variable cost function is Q 3 –5Q 2 +60Q, and its average variable cost function is (Q 3 –5Q 2 +60Q)/Q= Q 2 –5Q + 60. The slope of the average variable cost curve is the derivative of the latter, namely 2Q – 5. Equating this to zero to find the minimum gives Q = 2.5, at which level of output average variable cost is 53.75.

  8. What Is a Fixed Cost? - AOL

    www.aol.com/fixed-cost-194647372.html

    Here’s an example. The ABC Company makes widgets. The company has fixed costs of $10,000 per month. Each widget costs the company $3.00 to make, and it sells each widget for $5.00.

  9. Long run and short run - Wikipedia

    en.wikipedia.org/wiki/Long_run_and_short_run

    A standard way of viewing these costs is per unit, or the average. Economists tend to analyse three costs in the short-run: average fixed costs, average variable costs, and average total costs, with respect to marginal costs. The average fixed cost curve is a decreasing function because the level of fixed costs remains constant as the output ...