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Average variable costs can be defined as : (a) TVC x Q (b) TVC + Q (c) TVC – Q (d) TVC ÷ Q

+2 votes

asked Aug 26, 2018 in Class 12 by kratos

Average variable costs can be defined as :

(a) TVC x Q

(b) TVC + Q

(c) TVC – Q

(d) TVC ÷ Q

cbse
production and costs
class-11
cost and revenue analysis
cost
class-12

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1 Answer

+3 votes

answered Jan 26, 2021 by kratos

Best answer

Average variable costs can be defined as TVC ÷ Q .

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