Average variable cost is the variable cost per unit of output.
Production | Variable cost | Average variable cost |
1 | 12 | 12 |
2 | 20 | 10 |
3 | 26 | 8.67 |
4 | 32 | 8 |
5 | 34 | 6.8 |
6 | 48 | 8 |
Average variable cost is the variable cost per unit of output.
Production | Variable cost | Average variable cost |
1 | 12 | 12 |
2 | 20 | 10 |
3 | 26 | 8.67 |
4 | 32 | 8 |
5 | 34 | 6.8 |
6 | 48 | 8 |