Asked by
Rocky Racette
on Nov 16, 2024
Verified
The average-fixed-cost curve is constant.
Average-Fixed-Cost Curve
A graphical representation showing how the average fixed costs of production decrease as output increases, due to spreading fixed costs over a larger number of units.
- Learn about the influence of fixed and variable expenditures on the cost curves during short and long-term periods.
Verified Answer
DC
Learning Objectives
- Learn about the influence of fixed and variable expenditures on the cost curves during short and long-term periods.