Asked by
Mikka Mantilla
on Nov 04, 2024
Verified
As output increases, average fixed costs
A) decrease.
B) initially decrease and then increase.
C) remain constant.
D) increase.
Average Fixed Costs
The total fixed costs divided by the number of units produced, representing the fixed cost per unit of output.
- Master the ideas underpinning fixed, variable, and cumulative costs.
- Differentiate between fixed and variable expenses, comprehending their reaction to alterations in production levels.
Verified Answer
AA
Learning Objectives
- Master the ideas underpinning fixed, variable, and cumulative costs.
- Differentiate between fixed and variable expenses, comprehending their reaction to alterations in production levels.