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📚 Average Cost | Class 11 Economics | Chapter 6 - Cost | Sandeep Garg

In this video, we explain Average Cost (AC) in detail, as per the Class 11 Microeconomics syllabus (Sandeep Garg). Learn the meaning, formula, and components of average cost along with graphical representation and numerical examples. Perfect for exam preparation and conceptual clarity.

What you’ll learn in this video:
✅ Meaning and definition of Average Cost
✅ Formula and calculation: AC = TC / Q
✅ Relationship between Average Cost, Average Fixed Cost (AFC), and Average Variable Cost (AVC)
✅ Shape of the AC curve and reasons behind it
✅ Solved examples for better understanding

🎯 Best for: Class 11 CBSE, ISC, State Boards, and anyone preparing for Economics exams.

📖 Chapter Reference:
Microeconomics – Chapter 6: Cost by Sandeep Garg

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