Thus average fixed cost is the fixed cost per unit of output. Suppose for a firm the total fixed cost is Rs. 2,000 when output is 100 units, average fixed cost (AFC) will be Rs. 2,000/100 = Rs. 20 and when output is expanded to 200 units, average fixed cost will be Rs. 2,000/200 = Rs.
On July 3, 1886, mechanical engineer Karl Benz drove the first automobile in Mannheim, Germany, reaching a top speed of 16 km/h (10 mph). The automobile was powered by a 0.75-hp one-cylinder four-stroke gasoline engine.
Karl Benz (Carl Benz). In 1885, German mechanical engineer, Karl Benz designed and built the world's first practical automobile to be powered by an internal-combustion engine.On January 29, 1886, Benz received the first patent (DRP No. 37435) for a gas-fueled car.It was a three-wheeler; Benz built his first four-wheeled car in 1891.Benz & Company, the company started by the inventor, became the world's largest manufacturer of automobiles by 1900. Biography. Karl Friedrich Benz was born in 1844 in Baden Muehlburg, Germany (now part of Karlsruhe).t was a three-wheeler; Benz built his first four-wheeled car in 1891. Benz & Company, the company started by the inventor, became the world's largest manufacturer of automobiles by 1900. Biography. Karl Friedrich Benz was born in 1844 in Baden Muehlburg, Germany (now part of Karlsruhe).