Average Fixed Cost (AFC) is indicated by? Option 1: A rectangular hyperbola. Option 2: A straight line parallel to X axis. Option 3: A straight line parallel to Y axis. Option 4: A U- shaped curve.

The answer is 'A rectangular hyperbola.'. View full solution:

Avera>= Fixed Cost (AFC) is indicated by?

A straight line paral<=l to X axis.

A straight line paral<=l to Y axis.

CUET Economics 2025 2 June Shift 1

Micro

Medium

A rectangular hyperbola.

A straight line parallel to X axis.

A straight line parallel to Y axis.

A U- shaped curve.

✅ Correct Option: 1

Related questions:

29 May Shift 1

The relationship between inputs and outputs of a firm is given by ___________

22 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Normal profit	(I) Minimum level of profit need by firm to be in business.
(B) Shut down point	(II) Minimum level of LRAC curve
(C) Break-even point	(III) Profit Over and above normal profit
(D) Super-normal profit	(IV) The point on which firm earn only normal profit.

Choose the correct answer from the options given below:

30 May Shift 2

The optimum output will be when the relationship between LRMC and LRAC.