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Title: If we know the amount of total cost, average total cost, average variable cost, and marginal cost fo Post by: Loraine on Jun 21, 2015 If we know the amount of total cost, average total cost, average variable cost, and marginal cost for each level of output, how can we find the level of output where the marginal product is the greatest?
A) It is the output for which the marginal cost equals average variable cost. B) It is the output for which the total cost is maximized. C) It is the output for which the marginal cost is minimized. D) It is the output for which the marginal cost equals average total cost. E) There is no way to find where marginal product is the greatest knowing only cost data. Title: Re: If we know the amount of total cost, average total cost, average variable cost, and marginal cos Post by: Chimelo46 on Jul 29, 2015 Content hidden
Title: Re: If we know the amount of total cost, average total cost, average variable cost, and marginal cost fo Post by: Chimelo46 on Aug 31, 2015 Glad to help you, and good luck with your course.
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