AFC, or Average Fixed Cost, is calculated by dividing a firm's total fixed costs by the quantity of output produced. Fixed costs are expenses that do not change with the level of production, such as rent and salaries. As output increases, AFC decreases because the fixed costs are spread over more units, illustrating the concept of economies of scale. This metric helps firms assess cost efficiency and pricing strategies.
AFC will decrease
mc=ac
The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.
AFC- AFC east, AFC west, AFC north, AFC south NFC- NFC east, NFC west, NFC north, NFC south
AFC.
AFC
AFC falls
Afc
AFC
The Cowboys are in the NFC East.
The Steelers are an AFC North team.
Sunderland AFC