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The Average Variable Cost calculator computes the average cost associated with a firm's variable costs (labor, electricity, etc.) divided by the quantity of output produced. Variable costs are those costs which vary with output.
INSTRUCTIONS: Choose preferred currency units and enter the following:
- (VC) This is the Variable Costs
- (Q) This is the Quantity of goods/products Produced
Average Variable Cost: The calculator returns Average Variable Cost in U.S. dollars (USD). However, other units are available via the pull-down menu.
Related Calculators:
- Unit Cost
- Average Fixed Costs
- Average Total Costs
- Observational Statistics (max, mean, median, mode, standard deviation, variance, sort). Enter a list of comma separated values, and the calculator returns the different statistics.
Resource:
- Mankiw, N. Gregory. "Chapter 13:The Various Measures of Cost."Principles of Microeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 265-68. Print.
- "Average Variable Cost." Wikipedia. Wikimedia Foundation, n.d. Web. 30 May 2015.
