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Calculation of FC, VC, TC, AFC, AVC, ATC, and MC
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Step-by-step calculation of Total Cost, Fixed Cost, Variable Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost.
💡RELATED VIDEOS TO THIS TOPIC:
📚 FUNDAMENTALS OF DEMAND AND SUPPLY
This is a *FREE* ebook I wrote. It is a 122-page book written to provide proficiency in Demand-Supply analysis, in-depth knowledge, and a strong foundation in Economics, Mathematical-Economics, and Economics-related courses.
It is fine-tailored to help you pass your Economics courses excellently! The knowledge in it helped me graduate with a 3.86/4.00 CGPA (96.5%), High Honors (First Class) in Economics at Eastern Mediterranean University, and a 4.00/4.00 CGPA (100%) in my Master's Degree in Economics. The book contains my knowledge and understanding and was written to help you succeed. It is also very suitable for high school students (or secondary school students).
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WHO AM I?
Hey there, 👋 I'm Musa. I recently just finished my Masters Program in Economics at Eastern Mediterranean University. I graduated (in February 2024) with a 4.00/4.00 CGPA.
Digital Marketing is my current focus; however, I still create videos on Economics videos. Because "the knowledge is in my head, there's no point in letting it sit there, so it's best to let others benefit from it."
Kindly subscribe to the channel and help us grow. It will warm my heart! 🤗
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⌚️ Timestamps:
0:00 - Intro
0:40 - FC, VC, TC – Formula and Relationship
2:52 - Fixed Cost (FC)
3:39 - Total Cost (TC) and Variable Cost (VC)
7:57 - Average Fixed Cost (AFC)
12:32 - Average Variable Cost (AVC)
16:41 - Average Total Cost (ATC)
22:12 - Marginal Cost (MC)
32:00 - Outro
💡RELATED VIDEOS TO THIS TOPIC:
📚 FUNDAMENTALS OF DEMAND AND SUPPLY
This is a *FREE* ebook I wrote. It is a 122-page book written to provide proficiency in Demand-Supply analysis, in-depth knowledge, and a strong foundation in Economics, Mathematical-Economics, and Economics-related courses.
It is fine-tailored to help you pass your Economics courses excellently! The knowledge in it helped me graduate with a 3.86/4.00 CGPA (96.5%), High Honors (First Class) in Economics at Eastern Mediterranean University, and a 4.00/4.00 CGPA (100%) in my Master's Degree in Economics. The book contains my knowledge and understanding and was written to help you succeed. It is also very suitable for high school students (or secondary school students).
.
WHO AM I?
Hey there, 👋 I'm Musa. I recently just finished my Masters Program in Economics at Eastern Mediterranean University. I graduated (in February 2024) with a 4.00/4.00 CGPA.
Digital Marketing is my current focus; however, I still create videos on Economics videos. Because "the knowledge is in my head, there's no point in letting it sit there, so it's best to let others benefit from it."
Kindly subscribe to the channel and help us grow. It will warm my heart! 🤗
.
⌚️ Timestamps:
0:00 - Intro
0:40 - FC, VC, TC – Formula and Relationship
2:52 - Fixed Cost (FC)
3:39 - Total Cost (TC) and Variable Cost (VC)
7:57 - Average Fixed Cost (AFC)
12:32 - Average Variable Cost (AVC)
16:41 - Average Total Cost (ATC)
22:12 - Marginal Cost (MC)
32:00 - Outro
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