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One feature of the average fixed cost is that it  

Economics
WAEC 2020

One feature of the average fixed cost is that it
 

  • A. falls continuously but is never equal to zero.
  • B. is U-shaped and intersects the Y-axis
  • C. rises and falls faster than the marginal cost
  • D. is always higher than the average variable cost
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Correct Answer: Option A
Explanation

The average cost curve keeps falling as the level of output rises. It remains positive, and never reaches a zero value, and never turns negative.

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