Business, 21.03.2020 10:29 iicekingmann

Average fixed cost
a. equals marginal cost when an average total cost is at its minimum. b. may be found for any output by adding average variable cost and average total cost.
c. graphs as a U-shaped curve.
d. declines continually as output increases.

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Average fixed cost
a. equals marginal cost when an average total cost is at its minimum. b. m...

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