What is fixd cost
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Prakul Solanki 6 years, 8 months ago
- 1 answers
Test
Related Questions
Posted by Niyati Garg 1 year, 4 months ago
- 0 answers
Posted by Rijum Karlo 1 year, 5 months ago
- 0 answers
Posted by Mehar Ansari 1 year, 5 months ago
- 0 answers
Posted by Dipika Sharma 1 year, 4 months ago
- 0 answers
Posted by Naman Jain 1 year, 4 months ago
- 1 answers
Posted by Shruti Singh 1 year, 5 months ago
- 0 answers
Posted by Nandita Sharma 1 year, 5 months ago
- 1 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Gaurav Seth 6 years, 8 months ago
Fixed cost is the sum of all expenditures incurred to acquire a fixed asset. It does not change with an increase or decrease in the amount of goods or services produced or sold. Like - Purchase of plant & machinery.
Average fixed cost is the fixed cost per unit of output. Average fixed cost curve slopes downward to the right. It shows that AFC decreases as output increases. It is a rectangular hyperbola curve. It means that the product of AFC and output is equal to TFC which remains constant at all levels of output.
TFC = AFC * Q
Therefore,
2Thank You