A logarithmic variable cost function implies that

nakungth

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7 years ago

A logarithmic variable cost function implies that

A logarithmic variable cost function implies that
A) marginal cost is increasing at a decreasing rate.
B) marginal cost is increasing at an increasing rate.
C) marginal cost is constant.
D) marginal cost is decreasing as quantity increases.

Textbook

Microeconomics

Edition: 8^th

Author: Pindyck

Read 104 times

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LBCea

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7 years ago

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nakungth Author

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6 years ago

Thanks, very pleased with your answer

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