Assume that fixed costs for a firm are $1,000. Draw a graph for the fixed cost of this firm accompanied by a graph of the average fixed cost. Explain the shape of the average fixed cost graph. 
Definitions:
Trading Securities
Financial instruments that are purchased and held primarily for sale in the short term to generate income on short-term price differences.
Balance Sheet
A financial statement that presents a company's assets, liabilities, and stockholders' equity at a specific point in time.
Amortized Cost
Amortized cost refers to the adjusted value of an asset or a debt over a specific period of time, taking into account any related expenses or reductions.
Amortized Cost
A financial term referring to the gradual reduction of a debt over a period of time through regular payments covering both principal and interest.
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