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Posts: 236
4 weeks 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
Edition: 8th
Authors:
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wrote...
Posts: 236
4 weeks ago
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total costs are positive when output is zero implying fixed costs.
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wrote...
4 weeks ago
Thank you, thank you, thank you!
wrote...
4 weeks ago
You're welcome
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