AFC is a horizontal straight line, said

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

AFC is a horizontal straight line, said Mintoo. And TFC is a rectangular hyperbola, said Minku. Who is correct?

Options:

Mintoo

Minku

Both

No one

Correct Answer:

No one

Explanation:

AFC is a rectangular hyperbola and TFC is horizontal straight line.