total variable cost

average variable cost =

quantity of output

average variable cost = average total cost - average fixed cost

total variable cost = average variable cost x quantity of output

total fixed cost

average fixed cost =
quantity of output

average fixed cost = average total cost - average variable cost

total fixed cost = average fixed cost x quantity of output

change in total cost

marginal cost =
change in quantity of output

change in total variable cost

marginal cost =
change in quantity of output

change in total revenue

marginal revenue =
change quantity

total cost
average total cost =
quantity of output

average total cost = average variable cost + average fixed cost

total cost = average total cost x quantity of output

total cost = total fixed cost + total variable cost

total revenue = price x quantity

total cost
average cost =
quantity of output

(Total fixed costs + Total variable costs) / Total units produced

APL= Q/L
APK= Q/K
MPL= dQ/dL
MPK = dQ/dK