Question

What is average fixed cost , average variable cost ,average cost and marginal cost??

Answer 1

Since the fixed cost does not change with the output, the average fixed cost decreases as the output increases. The average variable cost does not always increase in proportion to an increase in the output. Marginal costs also come down until 44 units are produced after which they start rising.

Step-by-step explanation:

`kai6418`

#carryonleraning