WAEC Economics 2023 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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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 remains the same no matter the quantity of output, so it remains horizontal on a cost-output graph.
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