Question: how do you calculate total cost quizlet?
Answer: Average Total Cost (ATC) = Total Cost / Q. Average Variable Cost (AVC) = Total Variable Cost / Q. Average Fixed Cost (AFC) = ATC - AVC. Total Cost (TC) = (AVC + AFC) X Output (Which is Q) Total Variable Cost (TVC) = AVC X Output. Total Fixed Cost (TFC) = ...  Marginal Cost (MC)= ...  Marginal Product (MP)