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.
Mercedes-Banz was founded in 1926 by Karl Benz and Gottleb Daimler. The company is a division of the manufacturer Daimler AG. The headquarters are located in Stuttgart, Baden-Wurttemberg, Germany. The companyâs origin can be lead back to Karlâs Benzâs, one of the founders, invention of the first petrol-powered car.ist of the Best German Cars. Germany is widely known for its precision, innovation, powerful national economy, and speed. Germany is home to the world class famous Autobahn highway, where there is no federal mandated speed limit for certain areas. The same can be said for German cars.