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alphalions alphalions
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A year ago

Suppose a given marginal cost curve starts out downward sloping and at some level of output turns upward and becomes upward sloping. The point at which it turns upward is the point at which



▸

marginal physical product increases.



▸

total cost rises.



▸

average fixed cost declines.



▸

average variable cost is below marginal cost.



▸

diminishing marginal returns set in.

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Economics

Economics


Edition: 12th
Author:
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evgenomeevgenome
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alphalions Author
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A year ago
Correct Slight Smile TY
acaruso
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Yesterday
Thanks for your help!!
ealvino1610
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2 hours ago
Thank you, thank you, thank you!
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