Cost and Revenue Analysis — Economics STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11EconomicsCost and Revenue Analysis2 Marks
Question
What is the Average Variable Cost?
✓
Answer
The average variable cost refers to the total variable cost per unit of output. It is obtained by dividing total variable cost (TVC) by the quantity of output [Q], AVC = TVC/Q, where AVC denotes Average variable cost, TVC denotes total variable cost and Q denotes the quantity of output.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.