Why is the Average fixed cost curve call a rectangular hyperbole
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ʜᴇʏᴀ ᴜsᴇʀ!
ᴀғᴄ ɪs ʀᴇᴄᴛᴀɴɢᴜʟᴀʀ ʜʏᴘᴇʀʙᴏʟᴀ ʙᴇᴄᴀᴜsᴇ, ɪᴛ sʜᴏᴡs ᴛʜᴇ:
①.ᴛʜᴀᴛ ᴀғᴄ ᴅᴇᴄʀᴇᴀsᴇs ᴀs ᴏᴜᴛᴘᴜᴛ ɪɴᴄʀᴇᴀsᴇs.
②ᴀғᴄ*ϙ ᴀᴛ ᴀɴʏ ʟᴇᴠᴇʟ ᴏғ ᴏᴜᴛᴘᴜᴛ ɪs ᴛʜᴇ sᴀᴍᴇ, ʙᴇᴄᴀᴜsᴇ ᴀғᴄ*ϙ=ᴛғᴄ.
ᴡʜɪᴄʜ ɪs ᴄᴏɴsᴛᴀɴᴛ ᴀᴛ ᴀʟʟ ʟᴇᴠᴇʟ ᴏғ ᴏᴜᴛᴘᴜᴛ.
ᴀғᴄ ɪs ʀᴇᴄᴛᴀɴɢᴜʟᴀʀ ʜʏᴘᴇʀʙᴏʟᴀ ʙᴇᴄᴀᴜsᴇ, ɪᴛ sʜᴏᴡs ᴛʜᴇ:
①.ᴛʜᴀᴛ ᴀғᴄ ᴅᴇᴄʀᴇᴀsᴇs ᴀs ᴏᴜᴛᴘᴜᴛ ɪɴᴄʀᴇᴀsᴇs.
②ᴀғᴄ*ϙ ᴀᴛ ᴀɴʏ ʟᴇᴠᴇʟ ᴏғ ᴏᴜᴛᴘᴜᴛ ɪs ᴛʜᴇ sᴀᴍᴇ, ʙᴇᴄᴀᴜsᴇ ᴀғᴄ*ϙ=ᴛғᴄ.
ᴡʜɪᴄʜ ɪs ᴄᴏɴsᴛᴀɴᴛ ᴀᴛ ᴀʟʟ ʟᴇᴠᴇʟ ᴏғ ᴏᴜᴛᴘᴜᴛ.
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