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Concept Version 7
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Markup Pricing

Total Average Cost Equation

Total Average Cost Equation

The total average cost for a product is determined by dividing the total fixed costs (TFC) and total variable costs (TVC) by the quantity of the product produced, and then summing these together.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Cost-plus pricing."
    http://en.wikipedia.org/wiki/Cost-plus_pricing Wikipedia GNU FDL.

Related Terms

  • marginal cost
  • discretion
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