Economics · Theory of Cost
Choose the correct statement regarding the Average Fixed Cost (AFC) curve: (A) Average Fixed Cost (AFC) is asymptotic to both axes and forms a rectangular hyperbola. (B) Average Fixed Cost (AFC) is U-shaped and forms a rectangular hyperbola.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only (B) is correct.
- 2Only (A) is correct.✓
- 3Both (A) and (B) are incorrect.
- 4Both (A) and (B) are correct.
Correct answer
Only (A) is correct.
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