Total Fixed Cost Falls as Output Expands

question 49

True/False

Total fixed cost falls as output expands.

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Definitions:

Perimeter

The total distance around the edge of a two-dimensional shape, calculated by adding together the lengths of all the sides.

Length

The measurement of something from end to end or along its longest side.

Width

The measurement or extent of something from side to side; the lesser of two or the least of three dimensions of a body.

Area

The measure of the extent of a two-dimensional shape or surface in a plane, expressed in square units.