how does AFC change at out put increase ?
Answers
Answered by
1
Answer:
The AFC curve is downward sloping because the fixed costs are spread over output. As output increases, the AFC decreases. Marginal cost is a reflection of marginal product and diminishing returns. When diminishing returns begin, the marginal cost will begin its rise.
Answered by
4
Explanation:
AFC change as output increases AFC will decrease
Similar questions