In the short run, if average variable costs equal $45, average total costs equal $50, and output equals 100, the total fixed costs will equal

A) $5.
B) $500.
C) $1,000.
D) $5,000.

Average Variable Costs

The total variable costs of production divided by the number of units produced, highlighting how variable costs change with output levels.

Average Total Costs

The total cost of production divided by the total quantity produced, representing the average cost per unit.

Total Fixed Costs

The sum of all costs associated with the production of goods or services that do not change with the level of output, such as rent, salaries, and equipment maintenance.