Question```latex
At every point along the AFC curve in the figure to the right, what is true of the dollar amount of this firm's total fixed costs at any given point that one might select?
Total fixed cost is by definition. If the output rate is 250 units in the figure, then AFC equals \\square\square\square$ per unit. (Enter your responses rounded to two decimal places.)
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Studdy Solution
Calculate AFC at an output of 314 units:
Since TFC is constant, use the TFC calculated in Step 2 to find AFC at 314 units:
Round the result to two decimal places.
The calculated values will depend on the specific AFC value at 250 units, which should be obtained from the graph.
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