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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.
What else can I help you with?
When a firm experiences increasing returns to scale its?
AFC will decrease
When a firm increased its output by one unit its AFC decreased This indicates what?
mc=ac
What happens to the difference between ATC and AVC as a firm's output expands?
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.
What are the names of the divisions in the NFL?
AFC- AFC east, AFC west, AFC north, AFC south NFC- NFC east, NFC west, NFC north, NFC south
Is Tennessee Titans NFC or AFC?
AFC.
What conference are the jets in?
AFC
As output rises AFC rises?
AFC falls
Are the Kansas City Chiefs AFC of NFC?
Afc
Are the New York Jets in the NFC or the AFC?
AFC
Are the Green Bay Packers in the AFC or NFC?
The Cowboys are in the NFC East.
Are the Pittsburgh Steelers an AFC west south north or east team?
The Steelers are an AFC North team.
Who are better Newcastle united or sunderland AFC?
Sunderland AFC
