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Economics Homework Thirteen - Model (view source)
Revision as of 02:18, December 20, 2009
, 02:18, December 20, 2009spacing
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.
<br>(b) as output increases, AFC decreases
<br>(b) as output increases, AFC decreases
<br>(c) as output increases, AFC increases
<br>(c) as output increases, AFC increases