Business Studies, asked by ruhi75831, 2 months ago

How does AFC(Avarage fixed cost) change as output increase?answer from 5marks

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Answered by sushanthpola980
1

Answer:

Average fixed cost is fixed cost per unit of output. As the total number of units of the good produced increases, the average fixed cost decreases because the same amount of fixed costs is being spread over a larger number of units of output.

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