AdmitMe
Economics · Theory of costs and revenue

EconomicsTheory of costs and revenueJAMB

Average fixed cost falls continuously as output rises because

Show answer

Answer: A. the same fixed cost is spread over more units

AFC = TFC ÷ Q.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

Practise Theory of costs and revenueA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More Theory of costs and revenue questions