Question

23)what are the average fixed cost, average variable cost and average cost of a firm ?​

Answer 1

$\huge{\mathcal{\purple{A}\green{N}\pink{S}\blue{W}\purple{E}\green{R}\pink{!}}}!$

• Average variabe cost (AVC) refers to the per unit variable cost of production. Average cost (AC) refers to the per unit total cost of production. AC is the sum total of AFC and AVC. 1.AC curve will always lie above the AVC curve because AC,at all levels of output includes both AVC and AFC
• hope it will help you !!
• mark as brainleist!!