Economy, asked by sachinbalan054, 1 month ago

How does AFC changes as output increases?

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Answered by Devadharshini154

Answer:

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Explanation:

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Answered by shwetankmaurya1

Explanation:

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. may be helpful keep asking

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