The following recipe, Make-It-Mine Pot Roast, provides a basic formula for braising pot roast using your choice of liquid seasoning, dried herbs, potatoes, and vegetables. With hands-on prep time of just 30 minutes (and a cooking time of 1 hour 45 minutes), the recipe makes 6 to 8 servings.
Rabina Sherchan. Average Variable Cost (AVC) is defined as total variable cost divided by the number of units of output. Average variable cost helps to provide a measure of variable costs on a per unit basis. The formula can be represented as Total Variable Cost divided by the output. AVC=TVC/output.
The average variable cost (AVC) curve will go down (but will not be as steep as the marginal cost), and then go up. This will not go up as fast as the marginal cost curve. The average fixed cost (AFC) curve will decline as additional units are produced, and continue to decline.The average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns.The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.he average total cost (ATC) curve initially will decline as fixed costs are spread over a larger number of units, but will go up as marginal costs increase due to the law of diminishing returns. The graph below illustrates the shapes of these curves.Figure 3.8: Cost Curves.