As per theory of cost, Average Fixed Cost (AFC) curve is
A. Convex and upward sloping
B. Concave and upward sloping
C. Concave and downward sloping
D. Convex and downward sloping
Answer:D
As per theory of cost, Average Fixed Cost (AFC) curve is
A. Convex and upward sloping B. Concave and upward sloping C. Concave and downward sloping D. Convex and downward sloping