As Output Increases, Average Fixed Costs

question 70

Multiple Choice

As output increases, average fixed costs

• A)increase.
• B)decrease.
• C)remain constant.
• D)first increase and then decrease.

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Definitions:

Transferred Property

Property or assets that have been legally moved from one owner to another, through sale, gift, inheritance, or other means of conveyance.

Discharge

The termination of an obligation. In bankruptcy, a discharge terminates the debtor's obligation to pay the debts discharged by the court.

Termination

The act of ending something, such as a contract, employment, or agreement.

Debtor's Obligation

The responsibility or duty of a debtor to pay back a debt or fulfill a contractual commitment.