Economics

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 November 2011 A firm's average fixed cost is rs.40 at 12 units. What will be the average fixed cost at 8 units?

03 November 2011 AFC at 12 unit is Rs 40
hence TFC will be - 12 * 40 = 480

if output is 8 units
then AFC will be - 480 / 8 = Rs 60

Regards



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