Economy, asked by sb332391, 6 months ago

what will be the behaviour of TFC as output increases

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Answered by sandhyanullari

Answer:

Average fixed cost curve slopes downward to the right. It shows that AFC decreases as output increases. It is a rectangular hyperbola curve. It means that the product of AFC and output is equal to TFC which remains constant at all levels of output.

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what will be the behaviour of TFC as output increases​

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what will be the behaviour of TFC as output increases