Average fixed cost is
A) AC minus AVC.
B) TC divided by Q.
C) AVC minus MC.
D) TC minus TVC.
Correct Answer:
Verified
Q2: The law of diminishing returns begins first
Q3: Which of the following is a relevant
Q4: MC increases because
A)MC naturally increases as the
Q5: When a firm increased its output by
Q6: Which of the following distinctions does not
Q8: Costs of production that change with the
Q9: To an economist,total costs include
A)explicit,but not implicit
Q10: Which of the following distinctions helps to
Q12: Average fixed cost
A)does not change as total
Q31: Economic profit equals accounting profit minus:
A) explicit
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