The difference between average total cost and average variable cost _________.

is constant

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is average fixed cost

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gets narrow as output decreases

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is total fixed cost

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Solution

The correct option is D is average fixed cost
Total cost is the summation of fixed and variable cost. The average total cost will comprise of the average fixed cost and average variable cost.

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The difference between average total cost and average variable cost _________.

The correct option is D is average fixed costTotal cost is the summation of fixed and variable cost. The average total cost will comprise of the average fixed cost and average variable cost.

The correct option is D is average fixed cost
Total cost is the summation of fixed and variable cost. The average total cost will comprise of the average fixed cost and average variable cost.