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 following year, he got a patent for his invention under the name of his company - Benz & Cie. The three-wheeled car with a four stroke gasoline engine was launched in the market, three years after its invention, in 1888, and thus Karl Benz went down the history as the German inventor who invented the first ever car.