Economics · Microeconomics
How is Average Fixed Cost (AFC) calculated?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1By dividing total output by total fixed cost
- 2By dividing total fixed cost by total output✓
- 3By dividing total cost by total output
- 4By dividing total output by total cost
Correct answer
By dividing total fixed cost by total output
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