Q. What is the shape of the average fixed cost (AFC) curve?
A. U-shape
B. Horizontal upto a point and then rising
C. Sloping down towards the right
D. Rectangular hyperbola
Answer: Rectangular hyperbola
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Q. What is the shape of the average fixed cost (AFC) curve?
A. U-shape
B. Horizontal upto a point and then rising
C. Sloping down towards the right
D. Rectangular hyperbola
Answer: Rectangular hyperbola