Q.

Average Fixed Cost Curve is -

A. Upward sloping
B. `U' shaped
C. 'V' shaped
D. Downward sloping
Answer» D. Downward sloping
Explanation: The Average Fixed Cost Curve graphically represents the relation between average fixed cost incurred by a firm in the short-run product of a good or service and the quantity produced. It is relatively high at small quantities of output.
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