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Average clothing costs

Updated: 9/11/2023
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Q: Average clothing costs
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What is the difference between average total costs and average variable costs?

Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.


What is cost What is the difference between total cost and average cost?

Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.


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When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost


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The clothing costs per year varies depending on the person. Some people only spend hundreds of dollars while others spend thousands.


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Its production costs for clothing were the lowest in the world.


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