sam3531
sam3531 sam3531
  • 14-02-2022
  • Business
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What is average fixed cost , average variable cost ,average cost and marginal cost??

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kai6418
kai6418 kai6418
  • 21-02-2022

Answer:

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.

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