why AFC decrease eith increase in level of output according to 12 class micro economucs
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Because Afc = tfc/2
as i know tfc is constant
but output still increases so afc slopes downwards and decreases
but never becomes zero.
i hope this will help you.
as i know tfc is constant
but output still increases so afc slopes downwards and decreases
but never becomes zero.
i hope this will help you.
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