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Two Graphs That Represent Alternative Ways of Portraying Costs in the Long

Question 76

Multiple Choice

Two graphs that represent alternative ways of portraying costs in the long run, given resources and technology, are


A) the expansion path and the total fixed cost curve
B) marginal cost and the long-run average cost curve
C) the expansion path and the long-run average cost curve
D) average variable cost and marginal cost
E) the expansion path and marginal product

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