Question

Average total cost is equal to Group of answer choices the difference between average fixed cost and average variable cost. the sum of average variable cost and total variable cost. the sum of average fixed cost and average variable cost. the sum of average fixed cost and total fixed cost.

Answer 1

Answer:

Total cost is equal to the A. sum of the average fixed cost and the average variable cost. B. product of the marginal cost multiplied by the average total cost. C. sum of the total fixed cost and the total variable cost. D. difference between the average variable cost and the average fixed cost.

Explanation: