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Refer to the Graph

Question 267

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Refer to the graph. Which one of the following would cause a move from point b to point c along short-run average total cost curve ATC ₁? A) diminishing marginal returns B) an increase in the wage rate C) a decrease in the wage rate D) increasing marginal returns Refer to the graph. Which one of the following would cause a move from point b to point c along short-run average total cost curve ATC ₁?


A) diminishing marginal returns
B) an increase in the wage rate
C) a decrease in the wage rate
D) increasing marginal returns

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