A characteristic of the average fixed cost is that, it?

Economics

JAMB 1999

A. rises and falls faster than the marginal cost
B. is U-shaped and intersects the price axis
C. is always higher than the average variable cost
D. falls continuously but is never equal to zero

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Correct Answer: Option D

Explanation

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A characteristic of the average fixed cost is that, it?

Correct Answer: Option D

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