Use the following to answer questions below:

-Refer to the short-run per-unit cost curves graph. Which of the four curves represents average fixed cost?
A) Curve A
B) Curve B
C) Curve C
D) Curve D

Question

Use the following to answer questions below:
 
-Refer to the short-run per-unit cost curves graph. Which of the four curves represents average fixed cost?
A) Curve A 
B) Curve B 
C) Curve C 
D) Curve D

Quizplus · Accepted Answer

Average fixed cost (AFC) decreases as output increases, which is typically represented by a downward-sloping curve. Curve D, which slopes downward, represents AFC.

Use the Following to Answer Questions Below