What is avc elasticity formula?

The Average Variable Cost (AVC) elasticity formula measures how responsive the average variable cost is to changes in output. It is calculated as the percentage change in AVC divided by the percentage change in output (Q):

[ \text{AVC Elasticity} = \frac{% \Delta \text{AVC}}{% \Delta Q} ]

A value greater than 1 indicates AVC is elastic with respect to output, while a value less than 1 indicates it is inelastic.