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 fixed cost is:

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

Average Fixed Cost

The fixed costs of production (such as rent, salaries, and equipment) divided by the quantity of output produced.

Total Variable Cost

The sum of all variable costs (costs that vary with production volume) associated with producing a specific amount of a good or service.

Marginal Cost

The supplementary expense arising from creating another unit of a product or service.