Demand and Supply MCQs

In the short term, when the output of a firm increases, its average fixed cost

September 27, 2022

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In the short term, when the output of a firm increases, its average fixed cost

Q. In the short term, when the output of a firm increases, its average fixed cost:

A. Increase

B. Decrease

C. Remains constant

D. First declines and then rises

Answer: Decrease

In the short term, when the output of a firm increases, its average fixed cost

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