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.
|. The first-ever car (as well as the Daimler car), constructed in 1885 Charles Benz, the German inventor. On January, 29th, 1886 he took out the patent for the car, and on July, 3rd, 1886 on Ringshtrasse in Mannheim for the first time showed the car to general public. Benz managed to carry out old dream â to design and construct the first car. Benzâs car had three bicycle wheels.