Cost Of Production and Concept of Revenue — Economics STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsCost Of Production and Concept of Revenue2 Marks
Question
"The average fixed cost curves $(AFC)$ never touch the axis line."- explain.
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Answer
The fixed cost constant decline as output increase and spread over to larger output, but it never becomes zero. So this curve downward slopping just passed by axis line but it never touches it.
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