30.The shape of the average fixed cost curve is: A. U' shape B. Horizontal C. Vertical D. Rectangular hyperbola
Question
Solution 1
The shape of the average fixed cost curve is D. Rectangular hyperbola.
Here's why:
Fixed costs are costs that do not change with the level of output. Examples include rent, salaries, and insurance. Because these costs are constant, when we spread them out over more and more units of output, the a Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
30.The shape of the average fixed cost curve is: A. U' shape B. Horizontal C. Vertical D. Rectangular hyperbola
The Engel curve for a Giffen good is. negatively sloped positively sloped vertical horizontal
When it produces 100 units, a firm’s total variable cost is $300 and its total fixed cost is $2700. What is the average cost?1 point$3$24$27$30
The demand curve for a perfectly competitive firm's product is a (vertical/horizontal) line originating at the market price.
For 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25. The total cost at this output level is ____________.