As output increases, average fixed cost ……..?
Select ONE answer:
- Decreases continuously.
- Remains constant.
- Decreases, then increases.
- Increases, then decreases.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 1

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