NABTEB Economics 2023 Objective — Question 18

Question 18 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2023 Objective paper, with the correct answer and a full explanation.

The total fixed cost curve is A. vertical B. Horizontal C. downward sloping D. upward sloping

A. vertical
B. HorizontalCorrect
C. downward sloping
D. upward sloping

Explanation

Total Fixed Cost does not change with the level of output, so it is represented by a horizontal line on a cost-output graph.

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