Answer the question on the basis of the following information: TFC Total Fixed Cost Q = Quantity of Output P= Product Price MC Marginal Cost TVC Total Variable Cost Refer to the above information. Average fixed cost is: TC MC 15 MC O TFC Q OTVC 1

Answer the question on the basis of the following information: TFC=TotalFixedCostMC=MarginalCostTVC=TotalVariableCostQ=QuantityofOutputP=ProductPrice Refer to the above information. Average fixed cost is