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

A)
$\text{ TVC - MC }$
B)
$\frac{\text{ TVC - TFC }}{Q}$
C)
$\frac{\text{ TVC }}{Q}$
D)
$\frac{\text{ TFC }+\text{ TVC }}{Q}$

Average Total Cost

The total cost divided by the number of goods or services produced, representing the per unit cost of production.

Total Fixed Cost

Total fixed cost refers to the sum of all costs required to produce any output in which these costs do not change with the level of output.

Total Variable Cost

The total of expenses that vary directly with the volume of production or sales, such as materials and labor.