Why Is the Average Fixed Cost Curve Not a U-Shape

question 23

Multiple Choice

Why is the average fixed cost curve not a U-shape?

• A)average fixed costs is always increasing because of purchases.
• B)average fixed costs remain constant regardless of output.
• C)average fixed cost declines steadily as output increases
• D)average fixed cost curve is U-shaped.
• E)none of the above.

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Definitions:

Likert Scales

A psychometric scale commonly involved in research that employs questionnaires, used for assessing attitudes or opinions by allowing respondents to rate their level of agreement.

Connotative Meanings

The emotional or cultural associations attached to words beyond their literal definitions, influencing perception and interpretation.

Interview Surveys

A research method involving the structured questioning of individuals to gather qualitative and quantitative data.

Response Rates

The percentage of people who reply to a survey or query out of the total number of people who were asked.