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Variable costs depends on how much is used. Ex: water bill.

people can have a lot or not much but depends on how much.

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Related Questions

What is the formula to find the average variable cost?

Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity


What happens to average variable cost if the marginal cost is less than it?

If the marginal cost is less than the average variable cost, the average variable cost will decrease.


Why is average cost and average variable cost are both you shaped?

the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.


What is happening to average variable costs when they equal marginal costs?

When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost


What is cost What is the difference between total cost and average cost?

Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.


When the marginal cost is less than the average variable cost the average variable cost will?

decrease. Think about it this way, if you have a room full of people and you get their average height(average variable cost), and now each person that walks into the room(marginal cost) is shorter than the average, the average will drop.


What is the difference between average total costs and average variable costs?

Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.


Average variable cost function?

To find the Average Variable Cost functions you need the following: ATC, TFC and TC.


What is the relationship between Average variable cost Average fixed cost and marginal cost?

we can subtract the AVC and we will get the MC


What is the average operating cost for gulfstream 2?

Total Variable Cost $4,196


At what point does the marginal cost (MC) curve intersect the average variable cost (AVC) curve?

The marginal cost (MC) curve intersects the average variable cost (AVC) curve at the minimum point of the AVC curve.


When the firm attains minimum average variable cost how many units of labor is it using?

When a firm attains minimum average variable cost, the number of units of labor it is using depends on the average product.