Question
Average Fixed Cost Curve is
Answer: Option B
Answer: (b)
The Average Fixed Cost Curvegraphically represents the relation between the average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. it is relatively high at small quantities of output, then declines as production increases.
It is downward sloping because as output increases, the firm spreads its fixed costs over larger and larger amounts of output.
Was this answer helpful ?
Answer: (b)
The Average Fixed Cost Curvegraphically represents the relation between the average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. it is relatively high at small quantities of output, then declines as production increases.
It is downward sloping because as output increases, the firm spreads its fixed costs over larger and larger amounts of output.
Was this answer helpful ?
More Questions on This Topic :
Question 3. Full employment is a situation where
....
Question 5. ‘Galloping Inflation’ is also known as
....
Question 6. Personal disposable income is :
....
Latest Videos
Latest Test Papers
Submit Solution