The average fixed cost curveA) is a vertical line.B) is a horizontal line.C) slopes downward to the right as output rises.D) is U-shaped (it declines as output rises,reaches a minimum,and then rises) .

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Carter Rauser · Accepted Answer

Final Answer : C, Explanation :  Average fixed cost (AFC) decreases as output increases because the total fixed cost is spread over a larger number of units, leading to a downward slope of the AFC curve.

The average fixed cost curve

A) is a vertical line.
B) is a horizontal line.
C) slopes downward to the right as output rises.
D) is U-shaped (it declines as output rises,reaches a minimum,and then rises) .

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