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Total variable cost divided by output is average variable cost.

treetreee

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5 years ago

Total variable cost divided by output is average variable cost.

Question 1.

If marginal cost is increasing, then average total cost must be increasing simultaneously.

▸ true

▸ false

Question 2.

Total variable cost divided by output is average variable cost.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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kirakira15

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More solutions for this book are available here

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