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Answer the Question on the Basis of the Following Information

Question 62

Multiple Choice

Answer the question on the basis of the following information:  TFC = Total Fixed Cost Q= Quantity of Output  MC = Marginal Cost P= Product Price  TVC = Total Variable Cost \begin{array} { l l } \text { TFC = Total Fixed Cost } & Q = \text { Quantity of Output } \\\text { MC = Marginal Cost } & P = \text { Product Price } \\\text { TVC = Total Variable Cost } &\end{array} Refer to the information.Average fixed cost is:


A)
 TVC - MC \text { TVC - MC }
B)
MCQ\frac { M C } { Q }
C)
 TFC Q\frac { \text { TFC } } { Q }
D)
TVCQ\frac { \mathrm { TVC } } { Q }

Correct Answer:

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