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What (who) is average fixed cost - definition
Average fixed cost
In economics, average fixed cost (AFC) is the fixed costs of production (FC) divided by the quantity (Q) of output produced. Fixed costs are those costs that must be incurred in fixed quantity regardless of the level of output produced.
Fixed cost
![Decomposing [[total cost]]s as fixed costs plus variable costs. Quantity of output is measured on the horizontal axis. Along with variable costs, fixed costs make up one of the two components of total cost: total cost is equal to fixed costs plus variable costs.](https://commons.wikimedia.org/wiki/Special:FilePath/CVP-TC-FC-VC.svg?width=200 "Decomposing [[total cost]]s as fixed costs plus variable costs. Quantity of output is measured on the horizontal axis. Along with variable costs, fixed costs make up one of the two components of total cost: total cost is equal to fixed costs plus variable costs.")
BUSINESS EXPENSES THAT ARE NOT DEPENDENT ON THE LEVEL OF GOODS OR SERVICES PRODUCED BY THE BUSINESS
Fixed costs; Fixed factors of production; Total fixed cost; Total fixed costs; Fixed Cost; Fixed Costs
In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month.
fixed costs
BUSINESS EXPENSES THAT ARE NOT DEPENDENT ON THE LEVEL OF GOODS OR SERVICES PRODUCED BY THE BUSINESS
Fixed costs; Fixed factors of production; Total fixed cost; Total fixed costs; Fixed Cost; Fixed Costs
¦ plural noun business costs, such as rent, that are constant whatever the amount of goods produced.
