In the short run, the shape of the average fixed cost curve for a typical firm is? Option 1: Vertical to y-axis. Option 2: Downward sloping left to right. Option 3: Rectangular hyperbola. Option 4: Horizontal to x-axis.

The answer is 'Rectangular hyperbola.'. View full solution:

In the short run, the shape of the avera>= fixed cost curve for a typical firm is?

Downward sloping <=ft to right.

CUET Economics 2025 3 June Shift 2

Micro

Medium

Vertical to y-axis.

Downward sloping left to right.

Rectangular hyperbola.

Horizontal to x-axis.

✅ Correct Option: 3