Average Fixed Cost

question 68

Multiple Choice

Average fixed cost:

• A) remains constant and doesn't vary with output.
• B) increases as output increases.
• C) decreases as output increases.
• D) equals total cost divided by output.

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Definitions:

Inequality

The state of not being equal, especially in status, rights, and opportunities.

Affordable Housing

housing units that are reasonably priced and accessible to individuals and families with moderate to low incomes.

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A temporary alliance or partnering of groups in order to achieve a common purpose or to engage in joint activity.

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