The average fixed cost is obtained by :

Related MCQs

• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• Which is not a fixed cost?
• Which would be an implicit cost for a firm? The cost:
• Average revenue is :
• Average Revenue curve under monopoly is :
• If the short-run average variable costs of production for a firm are rising, then this indicates that:
• When average product is at a maximum, marginal product is
• Whenever average product is declining, with increases in input usage,