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The Average Fixed Cost (AFC) calculator computes the average fixed costs of production (AFC) by dividing the Total Fixed Cost (FC) by the quantity (Q) of output produced. Fixed costs are those costs that must be incurred in fixed quantity regardless of the level of output produced.
INSTRUCTIONS: Choose preferred currency units and enter the following.
- (FC) Total Fixed Costs
- (QO) Quantity of Output
Average Fixed Cost: The calculator computes the average fixed cost of production (AFC). Note, the Total Fixed Cost and the Average Fixed Costs are in U.S. dollars (USD). However, other currency type (e.g. Euro) are also available via the pull-down menu.
Related Calculators:
- Unit Cost
- Average Variable Costs
- Average Total Costs
- Observational Statistics (max, mean, median, mode, standard deviation, variance, sort).
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 Fixed Cost." Wikipedia. Wikimedia Foundation, n.d. Web. 30 May 2015.
