Answer
Option: c. AFC + AVC.
Work Step by Step
As explained in the answer to the previous question, Average Total Cost (ATC) is the sum total of Average Variable Cost (AVC) and Average Fixed Cost (AFC).
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 7 - Businesses and the Costs of Production - Quick Quiz for Figure 7.5 - Page 151: 3
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