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The Following Graph Shows Average Fixed Costs, Average Variable Costs

Question 77

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. The distance EF represents: A) average variable cost. B) average total cost. C) average fixed cost. D) marginal cost. The distance EF represents:


A) average variable cost.
B) average total cost.
C) average fixed cost.
D) marginal cost.

Correct Answer:

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