AFC curve
What does AFC curve appear like? Why does it appear so?
Expert
AFC curve is downward sloping to the right. Since the output rises, the fixed cost gets distributed, that is, AFC downs or falls.
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The most compatible along with capitalism of the normative criteria for income distribution, which is the: (1) contribution standard. (2) gold standard. (3) needs standard. (4) balanced standard. (5) equality standard. Discover Q & A Leading Solution Library Avail More Than 1420926 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1946256 Asked 3,689 Active Tutors 1420926 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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