Studied by 0 people
average product
total product / number of workers
marginal product
change in total product / change in number of workers
average fixed cost
total fixed cost / quantity
average variable cost
total variable cost / quantity
total cost
average variable cost + total fixed cost
total cost
(average fixed cost + average variable cost) * quantity
average total cost
total cost / quantity
average total cost
average fixed cost + average variable cost
marginal cost
change in total cost / change in output
Note 
Flashcard (85)