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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
The difference between average total cost and average variable cost:
  1. Is constant.
  2. Is total fixed cost.
  3. Gets narrow as output decreases.
  4. Is the average fixed cost.
✓

Answer

  1. Is the average fixed cost.

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