Economics · Theory of Cost
What is the shape of the Total Fixed Cost (TFC) curve on a standard cost diagram?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1U-shaped curve
- 2Downward sloping
- 3Horizontal and parallel to the output axis✓
- 4Vertical to the horizontal axis
Correct answer
Horizontal and parallel to the output axis
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