What is the correct formula to calculate average fixed costs?

Show Answers

Change in quantity divided by change in total fixed costTotal fixed cost minus quantityTotal fixed cost divided by quantityQuantity divided by total fixed costNone of the above

Explanation

Average fixed cost is calculated by dividing the total fixed cost (TFC) by the quantity of output produced (q). This gives the fixed cost per unit of output.

What is the correct formula to calculate average fix… — Profit Maximizing Under Perfect Competition And Monopoly | PakQuizHub