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Define the following: Average fixed cost

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प्रश्न

Define the following:

Average fixed cost

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उत्तर

Average fixed cost is the per unit cost of the fixed factors. It is obtained by dividing total fixed cost with the total units of output produced. 

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अध्याय 8: Cost and Revenue Analysis - TEST YOURSELF QUESTIONS [पृष्ठ १७२]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 8 Cost and Revenue Analysis
TEST YOURSELF QUESTIONS | Q 29. (b) | पृष्ठ १७२
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