What is the correct formula to calculate the average variable cost (AVC)?

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Change in total variable cost divided by change in quantity producedQuantity produced divided by total variable costChange in quantity produced divided by change in total variable costTotal variable cost divided by quantity producedTotal cost divided by quantity produced

Explanation

Average variable cost (AVC) is found by dividing the total variable cost (TVC) by the quantity of output produced (q). This gives the per-unit variable cost of production.