Which of the following costs is always constant? a. average variable cost b. average total cost...

Which of the following costs is always constant? a. average variable cost b. average total cost c. average fixed cost d. none of the above

Expert Solution

The answer is D -) None of the above.

since all these cost are average cost and average cost is the cost of per unit of output. fixed cost can be constant but not avergage fixed cost since its value wll change when there is a change in output and same for average total cost it cannot be constant either.

Rahul Sunny answered 2 years ago

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