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hiusy98 hiusy98
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7 years ago
If a firm experiences constant returns to the variable input in the short run:
A) marginal cost will be greater than average variable cost, but the two will become more equal as output increases.
B) marginal cost will be less than average variable cost, but the two will become more equal as output increases.
C) marginal cost will be greater than average variable cost, and the difference between the two will become larger as output increases.
D) marginal cost and average variable cost will be equal over the range of output in question.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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toogootoogoo
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7 years ago
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hiusy98 Author
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7 years ago
Project is complete now, thank you for your expertise!
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