Average fixed cost
A)is greater at lower levels of output than at higher levels.
B)does not change as output changes.
C)exists only in the short run.
D)is usually greater at higher levels of output than at lower levels of output.
E)a and c

Question

Quizplus · Accepted Answer

Average fixed cost decreases as output increases because the total fixed cost is spread over a larger number of units, and it is a concept relevant in the short run when at least one factor of production is fixed.

Average Fixed Cost