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 Benz Patent-Motorwagen Number 3 of 1886, used by Bertha Benz for the highly publicized first long distance road trip, 106 km (66 mi), by automobile. Two years before her marriage to Karl Benz, she used part of her dowry to invest in his failing iron construction company. As an unmarried woman, she was able to do so; after she married Benz, according to German law, Bertha lost her legal power to act as an investor. On 20 July 1872, Bertha Ringer married Karl Benz.