Multiple Choice
"Fill in the blank" in the table below and then answering the question below.
-Which of the following statements regarding average fixed costs is correct?
A) They are constant since fixed costs are fixed.
B) They are equal to average variable cost less average total cost.
C) When graphed,they are a horizontal line.
D) When graphed,they are a straight line which comes out of the origin.
E) They fall continuously as output increases.
Correct Answer:
Verified
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