The gradient of the Total Fixed cost curve isGroup of answer choicesequal to zerogreater than 1is undefinedis greater than zero but less than 1
Question
Solution 1
The gradient of the Total Fixed Cost curve is equal to zero.
Here's why:
Total Fixed Cost (TFC) is the cost that a firm must pay regardless of its level of output. These costs are fixed because they do not change with the quantity of output produced. Examples include rent, salaries, and insurance Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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