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.
The automobile, which has become one of the icons of American culture, was actually born in Germany. Karl Benz is generally acknowledged as the inventor of the automobile and was the first to receive a patent on the gasoline internal combustion engine and the automobile.hown above is the 1885 Benz. Shown above is a replica of an 1886 Benz which is on display at the Montana Auto Museum. Shown above is the engine in the Motorwagen. It should be pointed out that other German engineers had also been working on the concept of the automobile and the internal combustion engine at this time.