The difference between average total costs and average variable costs is
A)marginal cost.
B)average fixed cost.
C)fixed cost.
D)none of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

The difference between average total costs (ATC) and average variable costs (AVC) is the average fixed cost (AFC) since AFC is the portion of the ATC that is not made up of variable costs. Therefore, the correct answer is B) average fixed cost.

The Difference Between Average Total Costs and Average Variable Costs