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The Following Graph Shows Average Fixed Costs, Average Variable Costs

Question 97

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. Marginal cost is minimized when output equals: A) 6 units. B) 12 units. C) 21 units. D) 25 units. Marginal cost is minimized when output equals:


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

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