Asked by julia James on May 29, 2024
Verified
As output rises,average fixed cost _________.
Average Fixed Cost
The fixed expenses of a firm (costs that do not change with output level) divided by the quantity of output produced.
- Learn to identify the contrast between variable and fixed costs.
- Learn the effects of output changes on cost curves and firm decisions.
Verified Answer
LA
Learning Objectives
- Learn to identify the contrast between variable and fixed costs.
- Learn the effects of output changes on cost curves and firm decisions.