Question: If Y is output, given as a function of an input, X, TC is total cost, TVC is total variable cost, given as a function

If Y is output, given as a function of an input,

If Y is output, given as a function of an input, X, TC is total cost, TVC is total variable cost, given as a function of Y, then the average variable cost, AVC, given as a function of Y is calculated as O AVC = Y/X O AVC = TVC/Y O AVC _ aTVc dy O The first derivative of TVC with respect to Y

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