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CBSE Class 11-commerce Answered

What is Average Fixed Cost of a firm?Why is an Average Fixed Cost Curve a rectangular Hyperbola?explain with the help of a diagram
Asked by athul32130 | 19 Feb, 2020, 12:23: PM
answered-by-expert Expert Answer
AFC is defined as the ratio of TFC to output. We know that TFC remains constant throughout all the output levels and as output increases, with TFC being constant, AFC decreases.s TFC remains fixed at all level of output, with the rise in output , AFC fall .Since TFC is never 0 , AFC curve doesnot touch X Axis and it doesnot touch Y axis because ar zero level of output, TFC is positive. Thus the shape of AFC curve is Rectangular hyperbola.
 
Answered by Christina | 19 Feb, 2020, 02:40: PM

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