Cost and Revenue Analysis — Economics STD 11 — Question
Tamilnadu BoardEnglish MediumSTD 11EconomicsCost and Revenue Analysis3 Marks
Question
How can you calculate the average fixed cost?
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Answer
The average fixed cost is the fixed cost per unit of output. It is obtained by dividing the total fixed cost by the quantity of output. $\mathrm{AFC}=\frac{T F C}{Q}$ (Eg.) If TFC is 100; Q = 10 Find AFC $\mathrm{AFC}=\frac{T F C}{Q}$ $=\frac{1000}{10}$ $=\frac{1000}{10}$
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