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.
Karl Benz finished his creation in 1885 and named it Benz Patent Motorwagen. It was the first automobile entirely designed as such to generate its own power, not simply a motorized stage coach or horse carriage, which is why Karl Benz was granted his patent and is regarded as its inventor.