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The difference between average total cost and average variable cost:
  • a)
    is constant
  • b)
    is the total fixed cost
  • c)
    increases as the output decreases
  • d)
    Is the average fixed cost
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The difference between average total cost and average variable cost:a)...
The difference between average total cost and average variable cost is the average fixed cost.
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The difference between average total cost and average variable cost:a)is constantb)is the total fixed costc)increases as the output decreasesd)Is the average fixed costCorrect answer is option 'D'. Can you explain this answer?
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