Average Total Cost

Tags: #Economics #Microeconomics

Equation

$$\text{Average Total Cost(ATC)} = \frac{\text{Total Cost (TC)}}{\text{Quantity of Output (Q)}}$$

Latex Code

                                 \text{Average Total Cost(ATC)} = \frac{\text{Total Cost (TC)}}{\text{Quantity of Output (Q)}}

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Introduction

Equation



Latex Code

            \text{Average Total Cost(ATC)} = \frac{\text{Total Cost (TC)}}{\text{Quantity of Output (Q)}}

Explanation

Latex code for the Average Revenue. I will briefly introduce the notations in this formulation.

  • : Average Total Cost
  • : Total Cost
  • : Quantity of Output

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