What is the shape of average fixed cost, Microeconomics

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What is the shape of average fixed cost

Problem

What is the shape of average fixed cost? Give a commonsense explanation for why the minimum point of AVC occurs at a lower output than the minimum of AC.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the shape of average fixed cost

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