Average total cost is:

A) the change in cost divided by the change in output.
B) total cost divided by output.
C) the change in output divided by the change in costs.
D) total cost times output.

Average Total Cost

The total cost of production divided by the quantity produced, including both fixed and variable costs, representing the per unit cost of production.

Output

Output is the total amount of goods or services produced by a company, industry, or economy within a certain period.

Total Cost

The complete cost of production that combines all costs, both fixed and variable, incurred to produce goods or services.