Draw an average fixed cost curve. label it. the afc curve has this shape because
(a) w...
Business, 12.11.2019 20:31, hannahgracew12
Draw an average fixed cost curve. label it. the afc curve has this shape because
(a) when output increases, the firm spreads its total fixed cost over a larger output
(b) when output increases, total fixed cost decreases
(c) when output increases, total fixed cost increases
(d) it reflects diminishing returns
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