Average variable cost is:

A) variable cost per unit multiplied by quantity.
B) total variable cost divided by quantity.
C) the difference between average total cost and total cost.
D) the difference between total cost and total fixed cost.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, representing the variable cost per unit of output.

Total Variable Cost

The sum of all variable costs for a given level of production or output.

Total Cost

The complete sum of money required for the production of goods or services, including expenses that stay the same and those that vary.