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The Following Graph Shows Average Fixed Costs, Average Variable Costs

Question 9

Multiple Choice

The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. Average variable cost is minimized when output equals: A) 12 units. B) 6 units. C) 21 units. D) 25 units. Average variable cost is minimized when output equals:


A) 12 units.
B) 6 units.
C) 21 units.
D) 25 units.

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