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A Firm's Short- Run Cost Curves,as Conventionally Drawn,show That

Question 62

Multiple Choice

A firm's short- run cost curves,as conventionally drawn,show that


A) AFC increases as output increases.
B) ATC decreases and then increases as output increases.
C) AVC decreases as long as MC > AVC.
D) the MC curve intersects the AVC and ATC curves at their maximum points.
E) ATC = TFC + TVC.

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