Asked by
Essynce Templeton
on Oct 12, 2024Verified
As output rises,average fixed cost
A) rises.
B) falls.
C) remains the same.
Average Fixed Cost
The fixed costs (costs that do not vary with output) divided by the quantity of output produced.
- Analyze the impact of output changes on different types of costs.
Verified Answer
RF
Learning Objectives
- Analyze the impact of output changes on different types of costs.