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duo21 duo21
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2 months ago

Which of the following statements is true?



▸

At a high level of output, AFC is zero.



▸

If the law of diminishing marginal returns did not exist, then the marginal cost curve would not have an upward-sloping portion.



▸

The marginal cost curve cuts the average fixed cost curve at its minimum.



▸

There are no fixed costs in the short run.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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yoyoguyyoyoguy
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2 months ago
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If the law of diminishing marginal returns did not exist, then the marginal cost curve would not have an upward-sloping portion.
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duo21 Author
wrote...

2 months ago
Brilliant ツ
amandamraz
wrote...

Yesterday
Smart ... Thanks!
elizabetheldrid
wrote...

2 hours ago
Helped a lot
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