One feature of the average fixed cost is that it
...One feature of the average fixed cost is that it
Falls continuously but is never equal to zero
Is U-shaped and intersects the Y-axis
Rises and falls faster than the marginal cost
Is always higher than the average variable cost
Correct answer is A
The average cost curve keeps falling as the level of output rises. It remains positive, and never reaches a zero value, and never turns negative.
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