Midterm 2 Formulas/Graphs

0.0(0)

Studied by 0 people

Call Kai

Learn

Practice Test

Spaced Repetition

Match

Flashcards

Knowt Play

Card Sorting

1/4

There's no tags or description

Looks like no tags are added yet.

5 Terms

1

New cards

Total Cost

TC=TFC+TVC

2

New cards

Average fixed cost

TFC/Q

3

New cards

Average Variable Cost

TVC/Q

4

New cards

Average Cost

TC/Q

5

New cards

Marginal Cost

change in cost/ change in quantity