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Assuming Fixed Costs Are Positive,over a Range of Output in Which

Question 166

Multiple Choice

Assuming fixed costs are positive,over a range of output in which average total costs were constant,


A) average variable costs would be constant as output increases.
B) average variable costs would be falling as output increases.
C) average variable costs would be rising as output increases.
D) marginal cost would be less than average variable cost.

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