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LilyGal LilyGal
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5 years ago Edited: 5 years ago, bio_man
Figure 11-17




Refer to Figure 11-17. Assume that production isoquants are convex. Total cost and output produced must increase for each of the following movements except one. Which movement is the exception?

• point a to point b

• point a to point c

• point b to point c

• point b to point d
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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peaceout3000peaceout3000
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5 years ago
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LilyGal Author
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5 years ago
You make an excellent tutor!
Helpmeplease11
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Yesterday
Good timing, thanks!
Liarec
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2 hours ago
Thanks for your help!!
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