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.

Hi your question lacks the required statements and equations hence attached to this answer is the complete question

Explanation:

Marginal Cost is the cost incurred by company for the production of an additional unit of a commodity already produced

Marginal Cost is represented = ΔTC /ΔQ

Average Variable Cost is the total variable cost incurred per unit of an output of goods and service rendered

Average variable cost is represented = VC /Q

Average Cost is the cost incurred in the production of a single unit of the total goods or services produced

Average cost is represented as = TC / Q

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