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1. ### Can I get help solving this economics problem that involves calculating TFC, TVC, TC, AFC, AVC, ATC, and MC?

TFC, 100,100,100,100,100,100,100 AFC, -,20,6.67,2.86,2,1.67,1.5 TVC, -,25,50,75,100,125,150 TC=TFC+TVC MC=TC2-TC1

1 Answers Â· Social Science Â· 07/03/2018

2. ### How do I figure out Average fixed cost and average variable cost based only on total cost???

Fixed cost is \$600,and never change, divided by output is an average fixed cost,such as 600/1=\$600.It is supposed to be downward when output increases. Variable cost is total cost minus fixed cost, for example 800-600,=\$200...

1 Answers Â· Social Science Â· 26/10/2016

3. ### Average cost vs. Average variable cost vs. Average fixed cost?

Variable costs are ones that can be varied or eliminated in the short, term, fixed costs can't be eliminated. Fixed costs are one reason a company may continue to operate at a loss. Let's say...

2 Answers Â· Social Science Â· 12/09/2015

4. ### difference between AC and ATC (economics)?

.... if A or average is added, it will be ATC=AFC+AVC. So it should be used that way. But in association with...

2 Answers Â· Social Science Â· 07/10/2014

5. ### The following are correct statements about the cost curves and production decisions, EXCEPT:?

B, economic profit is zero.

1 Answers Â· Social Science Â· 31/03/2014

6. ### Econ help!?

... cost 40,40,40,40,40 variable cost 0,50,68,163,360 total cost 40,90,108,203,400 AFC 0,40,20,13.33,10 AVC 0,50,34,54.33,90 AC 0,90,54,67.67,100

2 Answers Â· Social Science Â· 19/03/2014

7. ### why minimum point of AC lies above the minimum point of AVC?

Because AFC is not zero, only decreasing. And AC=AFC+AVC.

1 Answers Â· Social Science Â· 13/03/2014

8. ### I need help! confused about these terms?

The breakeven point is at P= minimum ATC. Average total cost(ATC)=AFC + AVC. AFC is total fixed cost/output. And AVC is marginal cost.

1 Answers Â· Social Science Â· 10/03/2014

9. ### Find the AVC, AFC, ATC, and MC. Help me.?

... when you produce zero. AVC = (total costs - 25,000)/output AFC = FC/output = 25,000/output MC = extra cost from producing 1000...

1 Answers Â· Social Science Â· 14/03/2014

10. ### What principle explain why AFC declines as output increases?

Because fixed cost is fixed. It does not increase with quantity. And AFC=FC/Q, FC is constant.

1 Answers Â· Social Science Â· 27/01/2014