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Keyword: average fixed cost

A Matter of Costs (9/11/2007)

The rate at which variable cost changes in the short run is related to the nature of the fixed cost.

Keywords: AFC, ATC, AVC, average fixed cost, average total cost, average variable cost, capacity constraint, diminishing returns, efficiency maximization, increasing returns, marginal cost, MC, power generation, profit maximization

Marginal Cost, Average Variable Cost and Average Fixed Cost (11/2/2011)

Marginal cost, average variable cost and average fixed cost can be derived from a short-run production function subject to the law of diminishing returns.

Keywords: AFC, AVC, average fixed cost, average variable cost, law of diminishing returns, marginal cost, MC

Marginal Cost, Average Variable Cost and Average Fixed Cost (transcript) (1/29/2012)

Marginal cost, average variable cost and average fixed cost can be derived from a short-run production function subject to the law of diminishing returns.

Keywords: AFC, AVC, average fixed cost, average variable cost, law of diminishing returns, marginal cost, MC