Average Fixed Cost
Tags: #Economics #MicroeconomicsEquation
$$AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}$$Latex Code
AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}
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Introduction
Equation
Latex Code
AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}
Explanation
Latex code for the Allocative Average Fixed Cost. I will briefly introduce the notations in this formulation.
: Total Fixed Cost
: Quantity of Output
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