Economics · Theory of Production and Cost
Which of the following equations correctly represents Total Fixed Cost (TFC)? (Where Q = Quantity of Output, AFC = Average Fixed Cost)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Q + AFC = TFC
- 2Q - AFC = TFC
- 3Q / AFC = TFC
- 4Q × AFC = TFC✓
Correct answer
Q × AFC = TFC
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