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    Principles of Microeconomics
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    Exam 8: Short-Run Costs and Output Decisions
  5. Question
    Marginal Cost Is Equal to Average Variable Cost When Average
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Marginal Cost Is Equal to Average Variable Cost When Average

Question 4

Question 4

Multiple Choice

Marginal cost is equal to average variable cost when average variable cost is


A) zero.
B) at its minimum.
C) at its maximum.
D) equal to total variable cost.

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