Average Fixed Cost

question 77

Multiple Choice

Average fixed cost

• A) equals marginal cost when average total cost is at its minimum.
• B) may be found for any output by adding average variable cost and average total cost.
• C) graphs as a U-shaped curve.
• D) declines continually as output increases.

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Definitions:

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A legal principle that allows an employer to terminate an employee at any time for any reason, except an illegal one, and without warning, as long as the reason is not illegal.

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