Is the average fixed cost per unit of output produced.
Below is an illustrated example of how to calculate the AFC for different levels of output for a hypothetical firm. These points can then be used to map out the AFC curve for this firm.
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Is the average fixed cost per unit of output produced.
Below is an illustrated example of how to calculate the AFC for different levels of output for a hypothetical firm. These points can then be used to map out the AFC curve for this firm.
![]()
![]()