A characteristic of the average fixed cost is that, it?
ECONOMICS
JAMB 1999
A characteristic of the average fixed cost is that, it?
- A. rises and falls faster than the marginal cost
- B. is U-shaped and intersects the price axis
- C. is always higher than the average variable cost
- D. falls continuously but is never equal to zero
Correct Answer: D. falls continuously but is never equal to zero
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