Average Fixed Costs

question 73

Multiple Choice

Average fixed costs:

• A)always trend downward as output increases.
• B)always trend upward as output increases.
• C)are a constant, regardless of quantity of output.
• D)are a vertical line.

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Definitions:

Coordinate System

A system for specifying the precise location of points in a plane or space using numbers, typically represented by axes.

Points

Specific locations in space defined by coordinates within a given context, such as on a graph.

Line Segments

A part of a line that is bounded by two distinct end points, and contains every point on the line between its endpoints.

Points

In mathematics, points represent precise locations in a given space, having no size, shape, or dimension, typically represented in coordinate systems.