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. German mechanical engineer Karl Benz took the horseless carriage to new heights. But his wife Bertha was the one who took it to the road, creating a new industry in the process.tsâ¦engine topped out at 8 mph. In the nascent days of the automobile industry, when the typical horseless carriage really was an old buggy with an engine slapped on the back, the Benz Patent Motorwagen took things to the next level.