RELATIONSHIP BETWEEN AC AND MC<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"RELATIONSHIP BETWEEN AC AND MC AVERAGE COST Average total cost is the sum of the average fixed cost and average variable cost. Alternatively, ATC is computed by dividing total cost by the number of units of output. Therefore, ATC or AC = AFC + AVC =TC\/Q Average cost is also known as unit cost, as…<\/p>\n
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