Step 1: Recall atom economy.
Percent atom economy is the mass of the wanted product divided by the total mass of the reactants, times 100.
Step 2: Put in the values.
\[ \%\,\text{Atom Economy} = \frac{46}{92}\times 100 \]
Step 3: Simplify.
Since 46 is half of 92, the answer is 50 percent.
\[ \boxed{50,\ \text{option 2}} \]