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Mandolina Mandolina
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7 years ago
Average fixed cost, like marginal cost, graphs as a "U" shaped curve; it declines and then increases as output expands.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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7 years ago
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Mandolina Author
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7 years ago
Wwow, couldn't thank you enough
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