A firm's average fixed cost curve is: a. U-shaped. b. a curve ...

[Themember4]

A firm's average fixed cost curve is:
 a. U-shaped.
 b. a curve that increases as output expands.
 c. a vertical line.
 d. a curve that declines as output expands and approaches the X-axis when output is very large.

Question 2

The product of the stock price and the total outstanding shares of that stock is referred to as:
 a. market capitalization.
  b. floating capital.
  c. book value.
  d. financial value.
  e. face value.

[emily12345]

Answer to Question 1

d

Answer to Question 2

a