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What happens to average fixed costs

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Reference no: EM132460806

Please refer to the following table.

Output (Q) Total Fixed Cost (TFC) Total Variable cost (TVC)

0 100 0

1 100 50

2 100 125

3 100 205

4 100 295

5 100 395

When output changes from 2 to 3 units, what happens to average fixed costs?

Group of answer choices

a. Average fixed costs stay the same regardless of output levels

b. Average fixed costs always decline as output rises

c. Average fixed costs cannot be calculated from the data presented

Reference no: EM132460806

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