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.
His Patent Motor Car No. 1 of 1885 is regarded as the first automobile. Karl Benz was born on November 25, 1844 as Karl Friedrich Michael Vaillant, the illegitimate child of Josephine Vaillant, a house servant, and locomotive engineer Johann George Benz, at 22 Rhine Road, Karlsruhe district, in Muehlburg.