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What is the shape of average fixed cost

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Question: What is the shape of average fixed cost? Give a commonsense explanation for why the minimum point of AVC occurs at a lower output than the minimum of AC.

Reference no: EM131685434

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What is the shape of average fixed cost : What is the shape of average fixed cost? Give a commonsense explanation for why the minimum point of AVC occurs at a lower output than the minimum of AC.
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