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Part 1Draw an average fixed cost curve. Label it. Click toenlargegraph Part 1Why does the AFC curve have this​ shape?The AFC curve has this shape because​ _______. A. when output​ increases, total fixed cost decreases B. when output​ increases, total fixed cost increases C. it reflects diminishing returns D. when output​ increases, the firm spreads its total fixed cost over a larger output Part 1 0246810048121620Output (gift baskets per day)Cost (dollars per basket) AFCAFC Edit coordinates interactive graph​>>> Draw only the objects specified in the question.

选项
A.A. when output ​ increases, total fixed cost decreases
B.B. when output ​ increases, total fixed cost increases
C.C. it reflects diminishing returns
D.D. when output ​ increases, the firm spreads its total fixed cost over a larger output
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思路分析
Let’s break down what the question is asking and what each option implies about the average fixed cost (AFC) curve. Option A: 'when output increases, total fixed cost decreases.' This is incorrect because total fixed cost (TFC) is constant regardless of output in the short run; it does not fall as production rises. The AFC curve would not ref......Login to view full explanation

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