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Line 3: − + − − (a)a firm can eliminate these costs by shutting down in the short run. − − (b) as output increases, AFC decreases − − (c) as output increases, AFC increases − − (d) AFC is part of average variable costs − − Briefly explain your answer.''''''
Economics Homework Thirteen Answers - Student Four (view source)
Revision as of 13:14, December 17, 2009
, 13:14, December 17, 2009no edit summary
'''1. Which is true about the average fixed costs (AFC) of a firm?
'''1. Which is true about the average fixed costs (AFC) of a firm?'''
(a) - in the short run there are a lot of fixed costs, not so many in the long run.
(a) - in the short run there are a lot of fixed costs, not so many in the long run.