In the short run, when the output of a firm increases, its Average Fixed Cost:
(a) Increases
(b) Decreases
(c) Remains Constant
(d) First declines and then rises
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Explanation:
In the short run, when the output of a firm increases, its Average Fixed Cost:
(a) Increases
(b) Decreases
(c) Remains Constant
(d) First declines and then rises✔️
Answered by
3
First declines and then rises
Hope you got the answer
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