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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.2
What does the distance between the total cost (TC) line and the variable cost (VC) line represent?
Average fixed costs (AFC)
Marginal costs
Average variable costs (AVC)
Fixed costs
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AP Microeconomics - 3.2 Short-Run Production Costs
Key terms
Total Cost (TC)
Variable Cost (VC)
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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