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12th Class Economics Solved Paper - Economics 2012 Delhi Set-I

  • question_answer
    What is behaviour of average fixed cost as output increases?

    Answer:

    Average Fixed Cost refers to the fixed cost per unit of output produced. It is derived by dividing the Total Fixed Cost by quantity of output. That is,
                            \[AFC=\frac{TFC}{Q}\]
    As output increases, the average fixed cost (AFC) falls.


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