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Nicolas has purchased a streaming audio service for $10.00 per month. As he listens to more songs in a month he spreads this fixed cost
Nicolas has purchased a streaming audio service for $10.00 per month. As he listens to more songs in a month he spreads this fixed cost over a larger quantity, q. Derive an algebraic formula for his average fixed cost per song and draw it in a diagram. Nicolas's average fixed cost (AFC) as a function of q is AFC = $, cost per unit (Enter any number to two decimal places.) Using the three-point curve drawing tool, graph Nicholas's average fixed cost curve. Label this 'AFC.' Carefully follow the instructions above, and only draw the required object. One of his friends says to Nicolas: "The more music you listen to, the less you pay per song so you should q, Quantity spend all your time listening to music." What is wrong with this reasoning? Nicholas's friend is wrong because the cost of listening to an additional song O A. $10.00 is 9 O B. is $0.00. O C. is $10.00. O D. is increasing. O E. is variable
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