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You are here: Home / Potpourri / Economics 101: Average Total Cost

Economics 101: Average Total Cost

Economics 101: Average Total Cost

[This is part of the series: The Complete Guide To Economics 101.]

What is average total cost?

Average Total Cost is total cost divided by output or quantity.

Formally:

Average Total Cost = Total Cost / Quantity Produced

This is where:

Profit = Total Revenue – Total Cost

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Filed Under: PotpourriTagged With: #Economics101

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