Question:
Which of the following curves is shaped like a Rectangular Hyperbola?
Which of the following curves is shaped like a Rectangular Hyperbola?
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The AFC curve decreases continuously as output increases, since fixed cost is spread over a larger number of units.
Updated On: Nov 5, 2025
- AFC curve
- TFC curve
- TVC curve
- AVC curve
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The Correct Option is A
Solution and Explanation
The AFC (Average Fixed Cost) curve is shaped like a rectangular hyperbola. It shows the inverse relationship between fixed cost and output in the short run.
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