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Refer to the Graph Shown

Question 121

Multiple Choice

Refer to the graph shown. This set of cost curves is: Refer to the graph shown. This set of cost curves is: A) correct. B) wrong because the ATC should be below the AVC. C) wrong because the marginal cost curve should go through the minimum points of the ATC and AVC curves in that order. D) wrong because the marginal cost curve should not intersect the average total cost curve.


A) correct.
B) wrong because the ATC should be below the AVC.
C) wrong because the marginal cost curve should go through the minimum points of the ATC and AVC curves in that order.
D) wrong because the marginal cost curve should not intersect the average total cost curve.

Correct Answer:

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