Which of the Following Is True of the Average fiXed

question 15

Multiple Choice

Which of the following is true of the average fixed cost for a firm?

• A) The average fixed cost initially rises but then falls as output expands.
• B) The average fixed cost is equal to total fixed cost divided by total output.
• C) The average fixed cost remains constant as output expands.
• D) The average fixed cost is the same as the variable cost when no output is produced.

---

Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behaviors, and social skills appropriate to their society.

Culture

encompasses the social behavior, norms, knowledge, beliefs, arts, laws, and customs of a group of people or society.

Ecology

The study of interactions among organisms and their environment, encompassing the distribution, abundance, demography, and behaviors of organisms, as well as the structure and function of ecosystems.