Fill in the correct labels for the following figure using the word bank below.
-A _________
Definitions:
Total Fixed Cost
The sum of all costs that remain constant regardless of the level of production or output.
Total Cost
The complete cost of producing a certain amount of output, including both fixed and variable costs.
Quantity
The amount or number of a material or immaterial thing not usually estimated by spatial measurement.
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the quantity of output produced.
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