How Can the Average-Fixed-Cost Curve Be Declining When Fixed Cost

question 32

Essay

How can the average-fixed-cost curve be declining when fixed cost is constant?

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Definitions:

Default Value

A value that a software or database field automatically assumes unless changed by the user.

Field Size

The allocated size or length of data that can be entered or stored in a specific field in a database or form.

Delete

The action of removing an item, such as a file, a piece of data, or a code element, from a system or database.

Decimal Places

The number of digits to the right of the decimal point in a number, which determines the precision of the value.