Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in TVC/change in Q d.AFC=AVC-ATC

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 13SQ
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Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in TVC/change in Q d.AFC=AVC-ATC
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