The total fixed cost curve is: 1- upward sloping 2- downward sloping 3- upward s

Question

The total fixed cost curve is: 1- upward sloping 2- downward sloping 3- upward sloping then downward sloping 4- unchanged with the level of output Which one is the correct answer?? The total fixed cost curve is: 1- upward sloping 2- downward sloping 3- upward sloping then downward sloping 4- unchanged with the level of output Which one is the correct answer?? 1- upward sloping 2- downward sloping 3- upward sloping then downward sloping 4- unchanged with the level of output Which one is the correct answer??

Explanation / Answer

Answer is 4. Unchanged with the level of output.

Explanation:

The total fixed cost remains constant irrespective of the level of output. Hence, the total fixed cost curve is horizontal line parallel to X-axis.

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