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Gideon123 Gideon123
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4 years ago



One can tell that Figure 8.4 shows short run costs because:

▸ costs are rising.

▸ the slope of total costs and variable costs are the same.

▸ total costs are positive when output is zero implying fixed costs.

▸ all of the above.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
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lindslinds
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4 years ago
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Gideon123 Author
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#2
4 years ago
Thank you, thank you, thank you!
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