As Output Increases, Average Fixed Cost Gets Smaller and Smaller

question 11

True/False

As output increases, average fixed cost gets smaller and smaller.

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Definitions:

Randomized Block Design

An experimental design that divides subjects into blocks before randomly assigning treatments to reduce variation caused by confounding variables.

Completely Randomized Design

An experimental design where all the subjects are randomly assigned to various treatment groups without any restrictions.

Dosage

The size or frequency of a dose of a medicine or drug that is required to achieve its desired effect.

Stratifying

The process of dividing a population or sample into subgroups before sampling or analysis to ensure representation across key characteristics.