Comment on the Following Statement: "Average Fixed Cost Falls as Output

question 50

Essay

Comment on the following statement: "Average fixed cost falls as output rises, but average fixed cost will never be equal to zero."

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Definitions:

Product

The outcome obtained when two or more numbers or expressions are multiplied together.

Financial Report

A formal record of financial activities and the financial position of a business, person, or other entity, typically including balance sheets, income statements, and cash flow statements.

Printer A

A device or machine that reproduces text and images on paper or other media.

Critical Numbers

Critical numbers of a function are values of the variable at which the derivative of the function is 0 or undefined.