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.
In 1886 the first petrol or gasoline powered automobile the Benz Patent-Motorwagen was invented by Karl Benz. This is also considered to be the first production vehicle as Benz made several identical copies.n 1886 the first petrol or gasoline powered automobile the Benz Patent-Motorwagen was invented by Karl Benz. This is also considered to be the first production vehicle as Benz made several identical copies.