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)