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What is the shape of the AFC curve? - Economics

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प्रश्न

What is the shape of the AFC curve?

अति संक्षिप्त उत्तर
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उत्तर

The AFC curve slopes downward as output increases, because fixed costs are spread over more units, reducing the cost per unit.

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फ्रँक Economics [English] Class 12 ISC
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