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Economics Homework Thirteen Answers - Student Ten (view source)
Revision as of 15:32, December 17, 2009
, 15:32, 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)a firm can eliminate these costs by shutting down in the short run.
(a)a firm can eliminate these costs by shutting down in the short run.'''
(b) as output increases, AFC decreases
'''(b) as output increases, AFC decreases'''
(c) as output increases, AFC increases
'''(c) as output increases, AFC increases'''
(d) AFC is part of average variable costs
'''(d) AFC is part of average variable costs'''
Briefly explain your answer.'''
'''Briefly explain your answer.'''
The answer is (a) because all the others are false
The answer is (a) because all the others are false