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rbayla rbayla
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2 months ago

Which of the following statements is true?



If the marginal cost curve is above the AFC curve, the AFC curve must be rising.



Average total cost equals average variable cost minus average fixed cost.



As output increases, the average variable cost curve gets closer to the average total cost curve.



The AFC curve is horizontal as output increases.

Textbook 
Economics

Economics


Edition: 12th
Author:
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moqamoqamoqamoqa
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2 months ago
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More solutions for this book are available here

As output increases, the average variable cost curve gets closer to the average total cost curve.



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rbayla Author
wrote...

2 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Thanks
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