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What is Average Fixed Cost of a firm? Wh...

What is Average Fixed Cost of a firm? Why is an Average Fixed Cost Curve a rectangular Hyperbola? Explain with help of a diagram.

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AFC is per unit fixed cost of producing the commodity. AFC curve is a rectangular hyperbola curve.
implying that area of all rectangles under this curve remains same which represent TFC (AFC `xx` Qty.). Since TFC does not change with change in the level of output, area of rectangular (TFC) under AFC curve too is fixed.
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