## Average Fixed Cost

Tags: #Economics #Microeconomics### Equation

$$AFC = \frac{Total Fixed Cost (TFC)}{Quantity of Output (Q)}$$### 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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