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Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
average cost?
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
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400$
Commonly looking around i would say your average is going to be about $700(cheapest) to anywere around $1500 i found this site to be quite helpful in this area: http://www.artschools.com/articles/photography/schools.html
Before seminar invitations are mailed out, be sure each one highlights all essential information. Types of information that should be noted include: time, location, cost and preferred attire.
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
Flyers can be a good way to promote seminars. The main issue is the cost of printing.
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When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.
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.
average cost?
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
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