what is the area under AFC called ?
Dear Student,
The area under AFC is called Total Fixed Cost (TFC). Algebrically,
This implies that,
Since, area under AFC =
We can say that, area under AFC is called TFC or Total Fixed Cost.
The area under AFC is called Total Fixed Cost (TFC). Algebrically,
This implies that,
Since, area under AFC =
We can say that, area under AFC is called TFC or Total Fixed Cost.