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    Question

    What happens to average fixed cost (AFC) when marginal

    cost increases?
    A AFC increases Correct Answer Incorrect Answer
    B AFC decreases Correct Answer Incorrect Answer
    C AFC remain constant Correct Answer Incorrect Answer
    D AFC first increases and then decreases Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    "This graph explains the relationships of various costs with increase in the output"

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