When plotted against the total output, what does the total fixed cost curve look like?
What will be an ideal response?
The total fixed cost curve is a horizontal straight line, indicating that at any level of output the total fixed cost does not change as output changes.
Economics
You might also like to view...
Maximizing average profit is equivalent to maximizing total profit
Indicate whether the statement is true or false
Economics
Since Germany is a large open economy, the increase in German borrowing and investment in what was formerly East Germany in the early 1990s resulted in
A) a decline in the world real interest rate. B) a shift to the right in the German supply of loanable funds curve. C) an increase in the real interest rate in the United States. D) a shift to the left in the German demand for loanable funds curve.
Economics