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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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