Average total cost is the ratio of _____ cost to _____.

A) total;marginal cost
B) total;quantity of output
C) total;amount of variable input
D) marginal;amount of variable input

Total Cost

The sum of all funds utilized in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The rise in overall manufacturing expenses resulting from the creation of an extra unit.

Quantity of Output

The amount of goods or services produced by a company, sector, or economy within a specific period.