Business, 29.07.2019 17:10 davidsteck99

The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. tc is used to abbreviate total cost, vc is used to abbreviate variable cost, and q is used to abbreviate quantity. classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.
the amount by which total cost increases when an additional unit is producedtotal cost divided by quantity of outputchange in the total cost divided by change in outputvc / qthe sum of all costs that change as output changes divided by the number of units produced. tc / qδtc/δq

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