What Is the Shape of the Average Fixed Cost Curve

question 25

Multiple Choice

What is the shape of the average fixed cost curve for a firm in the short run?

• A) U-shaped.
• B) A curve that constantly increases as output expands and eventually approaches infinity at high rates of output.
• C) A vertical line.
• D) A curve that declines as output expands and approaches the horizontal-axis when output is large.

---

Definitions:

Cerebral Area

Specific regions within the brain responsible for various functions including memory, speech, sensation, and decision making.

Optic Nerve

A nerve that transfers sight-related information from the retina to the brain.

Macular Degeneration

A disease that deteriorates the central portion of the retina, leading to loss of central vision.

Intraocular Pressure

The fluid pressure inside the eye, crucial for maintaining the shape of the eye and proper functioning of the visual system.