Question

average fixed cost of a firm is?
1-Increasing
2-decreasing
3-constant
4- asymptomatic
5-all
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Answer 1

Answer:

In economics, average fixed cost (AFC) is the fixed costs of production (FC) divided by the quantity (Q) of output produced. Fixed costs are those costs that must be incurred in fixed quantity regardless of the level of output produced. Average fixed cost is fixed cost per unit of output.