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Business, 12.11.2019 20:31 hannahgracew12

Draw an average fixed cost curve. label it. the afc curve has this shape because

(a) when output increases, the firm spreads its total fixed cost over a larger output
(b) when output increases, total fixed cost decreases
(c) when output increases, total fixed cost increases
(d) it reflects diminishing returns

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Draw an average fixed cost curve. label it. the afc curve has this shape because

(a) w...
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