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Average fixed cost a. is U-shaped. declines over the entire output range. is a long-run concept only. is influenced by diminishing returns to...

Average fixed cost

a. is U-shaped.

b. declines over the entire output range.

c. is a long-run concept only.

d. is influenced by diminishing returns to production.

e. is described by none of the above.

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b. declines over... View the full answer

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Answer to the question is option b ) declines over the entire output range Average fixed cost curbe... View the full answer

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