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MICROECONOMICS CH : 8 CONCEPTS OF COST — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 8 CONCEPTS OF COST1 Mark
MCQ
Average fixed cost (AFC) is indicated by:
  • ✓
    a rectangular hyperbola
  • B
    a straight line parallel to X-axis
  • C
    a straight line parallel to Y-axis
  • D
    a U-shaped curve
✓

Answer

Correct option: A.
a rectangular hyperbola
(a)

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