Economics · Economics
Which of the following statements is true regarding the Average Fixed Cost (AFC) curve?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It slopes downwards and approaches the x-axis but never touches it.✓
- 2All of the above
- 3It is an upward sloping curve where Total Fixed Cost (TFC) remains constant at each point.
- 4It is constant and can be zero but never negative.
Correct answer
It slopes downwards and approaches the x-axis but never touches it.
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