The Average Total Costs of the Firm as Defined in Standard

Multiple Choice

The average total costs of the firm as defined in standard economic theory

A) are the sum of the fixed and any variable costs divided by the number of units of labour input
B) are the sum of the fixed and any variable costs
C) are the sum of the average fixed and the total variable costs
D) are the sum of the fixed and variable costs divided by the number of units of output