cost curve equations
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/8
Earn XP
Description and Tags
Last updated 11:42 AM on 1/15/25
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
9 Terms
1
New cards
average product
total product / number of workers
2
New cards
marginal product
change in total product / change in number of workers
3
New cards
average fixed cost
total fixed cost / quantity
4
New cards
average variable cost
total variable cost / quantity
5
New cards
total cost
average variable cost + total fixed cost
6
New cards
total cost
(average fixed cost + average variable cost) * quantity
7
New cards
average total cost
total cost / quantity
8
New cards
average total cost
average fixed cost + average variable cost
9
New cards
marginal cost
change in total cost / change in output
