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how to find average variable cost formula. The formula of the average total cost can be determined by using the following five steps. Costs incurred by businesses consist of fixed and variable costs.
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Multiply the variable costs for one unit of product by the total number of units produced. The sum of this calculation will give you the total variable cost. Your average variable cost is equal to your total variable cost divided by the number of units produced.
Take the total cost formula of TC 50 6Q and divide the right side to get average total costs.
Calculate the average variable costs using the equation. AVC is the average cost per unit of costs that are variable only incurred for each unit of production. AVC equals total variable cost divided by output. Formula for Variable Costs.
