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sinerus sinerus
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6 years ago
Suppose that your firm's marginal cost of producing a pencil is 5 cents and the average cost of producing a pencil is 7 cents. If your firm is interested in minimizing average total costs, what should your firm do?
A) Decrease production.
B) Increase production.
C) Maintain production at the current level.
D) Look for ways to increase fixed costs.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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sinerus Author
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6 years ago
Brilliant ツ
dianeflunder
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Yesterday
This helped my grade so much Perfect
erimis
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2 hours ago
Thanks for your help!!
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