--%>
Assignment Help - homework help

AFC curve

What does AFC curve appear like? Why does it appear so?

E

Expert

Verified

AFC curve is downward sloping to the right. Since the output rises, the fixed cost gets distributed, that is, AFC downs or falls.

   Related Questions in Microeconomics

  • Q : Equality Standard of Income Distribution

    When the equality standard of income distribution were adopted: (w) people would be paid the values of their marginal products. (x) family incomes would be identical for families of all sizes. (y) poets and engineers would have the same incomes. (z) g

    		•
  • Q : Long run for production theory Long run

    Long run for the production theory is a time period across which: (i) All production occurs. (ii) Firms can adjust all their costs and resources. (iii) Bigger firms absorb the smaller firms. (iv) Marginal costs become decreasingly significant. (iv) Im

    		•
  • Q : Causes of Increase in demand Describe

    Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)

    		•
  • Q : Economists view on Psychic Income Can

    Can someone please help me in finding out the accurate answer from the following question. The Economists view on the psychic income as the: (1) Explicit cost of the production. (2) Implicit cost of production. (3) Implicit revenue gathered by the firm's owner. (4) Ac

    		•
  • Q : What is APC What is APC ? Answer : APC=

    What is APC? Answer: APC= C/Y.The ratio of income to consumption is termed as APC.

    		•
  • Q : Profits and Losses in firms Of all the

    Of all the profits made by the U.S. firms, corporations account for regarding: (1) Less than 10 percent. (2) Between 10 percent and 20 percent. (3) Between 20 percent and 40 percent. (4) More than 40 percent. Can someone please hel

    		•
  • Q : Consequence of vigorous price

    Product differentiation is least probable to be a consequence of: (i) model year changes for carmakers. (ii) corporate logos. (iii) advertising. (iv) vigorous price competition. (v) showy packaging. Can someone exp

    		•
  • Q : What is market Give the answer of

    Give the answer of following question .A market: A) reflects upsloping demand and downsloping supply curves. B) entails the exchange of goods, but not services. C) is an institution that brings together buyers and sellers. D) always requires face-to-face contact betwe

    		•
  • Q : Problem on income and substitution

    Jim a vegetarian. All he eats is lettuce and cheese. His original budget constraint and utility maximizing bundle are illustrated in the graph shown below: 1531</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Shifting demand of labor The demand for

    The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages. Hello guys I want your advice. Please recommend some views for

    		•