Thus average fixed cost is the fixed cost per unit of output. Suppose for a firm the total fixed cost is Rs. 2,000 when output is 100 units, average fixed cost (AFC) will be Rs. 2,000/100 = Rs. 20 and when output is expanded to 200 units, average fixed cost will be Rs. 2,000/200 = Rs.
On July 3, 1886, mechanical engineer Karl Benz drove the first automobile in Mannheim, Germany, reaching a top speed of 16 km/h (10 mph). The automobile was powered by a 0.75-hp one-cylinder four-stroke gasoline engine.
Benz was granted a patent for his automobile on 29 January 1886, and began the first production of automobiles in 1888, after Bertha Benz, his wife, had proved-with the first long-distance trip in August 1888, from Mannheim to Pforzheim and back-that the horseless coach was absolutely suitable for daily use.n 1807, Francois FranÃ§ois isaac De rivaz designed the first car powered by an internal combustion engine fueled by. Hydrogen in 1886 the first petrol or gasoline powered automobile The Benz-Patent motorwagen was invented By Karl. benz